Stora Enso Oyj - Company Announcement

Stora Enso’s Uetersen Mill buyer withdraws application for merger

Helsinki, Finland, 2014-10-09 09:00 CEST (GLOBE NEWSWIRE) -- STORA ENSO OYJ
STOCK EXCHANGE RELEASE 9 October 2014 at 10.00 EET 

As earlier communicated, Stora Enso signed an agreement in May 2014 to divest
its Uetersen specialty and coated fine paper mill in Germany to Brigl &
Bergmeister, an Austrian specialty paper producer. Stora Enso recorded a
negative non-recurring item of approximately EUR 34 million related to the
planned disposal in the second quarter 2014 operating profit. 

In September, the German Federal Cartel Office (FCO) indicated intentions to
prohibit the proposed merger. Despite further evidence provided by the parties
to clear the concerns of the FCO, the authorities' assessment remained.
Consequently, Brigl & Bergmeister withdrew the application for the merger on 9
October. The parties have agreed to terminate the share purchase agreement. 

As a consequence, Stora Enso will reverse the loss on disposal of approximately
EUR 28 million as a positive non-recurring item in its third quarter 2014
operating profit. 

Stora Enso will now evaluate its options, which may include divestment or
restructuring of the loss-making Uetersen Mill. This process does not affect
the speciality paper production at Imatra Mill or the coated fine paper
production at Oulu Mill in Finland. 


For further information, please contact:
Ulrika Lilja, Executive Vice President Communications, tel. +46 72 221 9228
Ulla Paajanen-Sainio, Head of Investor Relations, tel. +358 40 763 8767


www.storaenso.com
www.storaenso.com/investors


Stora Enso is the global rethinker of the paper, biomaterials, wood products
and packaging industry. We always rethink the old and expand to the new to
offer our customers innovative solutions based on renewable materials. Stora
Enso employs some 29 000 people worldwide, and our sales in 2013 amounted to
EUR 10.6 billion. Stora  Enso shares are listed on NASDAQ OMX Helsinki (STEAV,
STERV) and Stockholm (STE A, STE R). In addition, the shares are traded in the
USA as ADRs (SEOAY) in the International OTCQX over-the-counter market. 

STORA ENSO OYJ