Stora Enso Oyj - Company Announcement

Stora Enso divests its coreboard and core manufacturer Corenso

Helsinki, Finland, 2014-09-30 08:00 CEST (GLOBE NEWSWIRE) -- STORA ENSO OYJ
STOCK EXCHANGE RELEASE 30 September 2014 at 9.00 EET 

Stora Enso has signed an agreement to divest its Corenso business operations to
the Finnish packaging materials company Powerflute Oyj. The enterprise value of
the transaction is approximately EUR 90 million, and the expected all cash
consideration approximately EUR 75 million. Closing of the transaction is
expected to take place during the fourth quarter 2014 subject to customary
conditions. The transaction's impact on Stora Enso's income statement will be
approximately break-even. 

Corenso is part of Stora Enso Renewable Packaging Division. Stora Enso is
focusing on selected packaging segments in Packaging Solutions and Consumer
Board and further developing and investing in these businesses. The divestment
is a natural step in streamlining the business and transforming Stora Enso into
a customer-focused renewable materials company in growth markets. 

“We have now found a good new owner for Corenso who we believe can give the
company the attention it deserves and develop it further. By divesting Corenso,
Stora Enso can better focus on its strategic direction,” says Hannu Alalauri,
SVP Packaging Solutions, Stora Enso Renewable Packaging. 

Corenso is one of the world's leading integrated producers of high-performance
cores and high-quality coreboard. It employs about 920 employees in 10
countries in Europe, Asia and North America and has its head office in Lahti,
Finland. In 2013 Corenso's net sales were EUR 211 million and operational EBIT
EUR 26 million. 

For further information, please contact:

Ulla Paajanen-Sainio, SVP Investor Relations, Stora Enso, tel. +358 40 763 8767
Tommy Borglund, SVP Communications, Stora Enso Renewable Packaging, tel. +46
1046 71709 



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

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