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2010-08-24 17:20:00 CEST 2010-08-24 17:20:03 CEST REGULATED INFORMATION Stora Enso Oyj - Company AnnouncementStora Enso divests real estate at Baienfurt in GermanySTORA ENSO OYJ STOCK EXCHANGE RELEASE 24 August 2010 at 15.20 GMT Stora Enso Baienfurt GmbH has signed an agreement to divest its Baienfurt mill site real estate in Germany. Buyer is the IGV Industrie- und Gewerbeverwaltungs GmbH, a subsidiary of the Lower Bavarian Karl- Gruppe, which specialises in acquiring and restructuring industrial sites. The transaction includes the land and buildings of the former Baienfurt cartonboard mill except the sheeting centre and the board machine. Following the divestment, Stora Enso will release approximately EUR 45 million of environmental and dismantling provision in the third quarter of 2010 as a positive non-recurring item. The transaction is expected to be completed by the end of the third quarter of 2010. According to Karl-Gruppe's current plans, the mill site will be developed as a business/industrial park utilising existing buildings as well as erection of new commercial properties. The site will no longer be used for cartonboard production. Cartonboard production at Baienfurt Mill ended in December 2008. Baienfurt Mill, which was part of Stora Enso's Consumer Board segment, had an annual capacity of 190 000 tonnes of folding boxboard. For further information, please contact: Bernd Rettig, EVP, Country Manager Germany, tel. +49 211 581 2310 Päivi Kauhanen, Communications Director, tel. +358 50 598 9560 Ulla Paajanen-Sainio, Head of Investor Relations, tel. +358 2046 21242 www.storaenso.com www.storaenso.com/investors Stora Enso is a global paper, packaging and wood products company producing newsprint and book paper, magazine paper, fine paper, consumer board, industrial packaging and wood products. The Group is the world leader in forest industry sustainability. We offer our customers solutions based on renewable raw materials. Our products provide a climate-friendly alternative to many non-renewable materials, and have a smaller carbon footprint. Stora Enso is listed in the Dow Jones Sustainability Index and the FTSE4Good Index. Stora Enso employs some 27 000 people worldwide, and our sales in 2009 amounted to EUR 8.9 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 Jari Suvanto Ulla Paajanen-Sainio |
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