Stora Enso Oyj - Company Announcement

Stora Enso increases ownership in Chinese subsidiary Inpac Packaging from 51% to 90%

Helsinki, Finland, 2015-12-29 12:00 CET (GLOBE NEWSWIRE) -- STORA ENSO OYJ
STOCK EXCHANGE RELEASE 29 December 2015 at 13.00 EET 

Stora Enso has entered into an equity transfer agreement to increase its
ownership stake from 51% to 90% in its Chinese subsidiary Stora Enso Inpac
Packaging Co. Ltd. The transaction is based on the terms of an option agreement
dated October 2010. The cash consideration is approximately EUR 46 million. The
transaction is subject to regulatory approval by Chinese authorities and is
expected to be finalised during the first quarter of 2016. 

The transaction gives Stora Enso a better opportunity to develop the Inpac
Packaging business further and to execute the strategy in the region. The
transaction will have no impact on group’s sales or operating profit. 

Stora Enso Inpac offers fibre-based packaging solutions with design,
production, sales and R&D services. The company has production units in
Qian’an, Dongguan and Jiashan in China and sales offices in Beijing, Shanghai
and Dongguan, and serves leading global and local brand owners. 


For further information, please contact:

Ulla Paajanen-Sainio, SVP, Investor Relations, tel. +358 40 763 8767
Carl Norell, SVP Communications, Division Packaging Solutions, tel. +46 722 410
349 

Stora Enso is a leading provider of renewable solutions in packaging,
biomaterials, wood and paper on global markets. Our aim is to replace
non-renewable materials by innovating and developing new products and services
based on wood and other renewable materials. We employ some 27 000 people in
more than 35 countries, and our sales in 2014 were EUR 10.2 billion. Stora Enso
shares are listed on Nasdaq Helsinki Oy (STEAV, STERV) and Nasdaq Stockholm AB
(STE A, STE R). In addition, the shares are traded in the USA as ADRs (SEOAY)
on the International OTCQX over-the-counter market. storaenso.com 

STORA ENSO OYJ