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2007-09-28 09:00:00 CEST 2007-09-28 09:00:00 CEST REGULATED INFORMATION Stora Enso Oyj - Company AnnouncementStora Enso divests real estate in GermanyAs announced on 4 October 2006, Stora Enso will close down Reisholz Mill by the end of 2007. The mill's two paper machines will cease production by year end and will then be scrapped. Stora Enso has now signed an agreement to divest its Reisholz Mill site real estate to Slough Estates Commercial Properties, a fully owned subsidiary of SEGRO plc, a Real Estate Investent Trust (REIT) based in the United Kingdom. The asset disposal will improve Stora Enso's third quarter 2007 operating profit by about EUR 10 million. This will be recorded as a positive non-recurring item in the third quarter 2007 results. According to SEGRO's current plans, the land will be developed for big boxes-logistic users as well as light industrial users. This will change the type of land use away from paper production. Reisholz Mill produces improved super-calendered (SC) papers and has a total annual capacity of 215 000 tonnes. For further information, please contact: Bernd Rettig, EVP, Country Manager Germany, tel. +49 211 581 2310 Kari Vainio, EVP, Corporate Communications, tel. +44 7799 348 197 Keith B Russell, SVP, Investor Relations, tel. +44 20 7016 3146 Ulla Paajanen-Sainio, VP, Investor Relations and Financial Communications, tel. +358 40 763 8767 www.storaenso.com www.storaenso.com/investors STORA ENSO OYJ pp. Jukka Marttila Minna Taukojärvi |
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