Stora Enso tops STOXX as it puts part of Swedish assets up for sale

Holmen AB

03/10/2024 08:50

** Shares in Stora Enso  STERV.HE  are up 5% after the
Finnish forestry company announced its intention to sell 12% of
its forest assets in Sweden
    ** Sale of 1.4 hectares in Sweden would reduce Stora Enso's
debt and additionally reinforce company's financial standing,
the group said in a statement     
    ** The stock tops pan-European STOXX 600  .STOXX  index and
is on track for its best day in 12 months, if gains hold
    ** Shares of Stora Enso's Swedish peers Svenska Cellulosa
 SCAb.ST  and Holmen  HOLMb.ST  are up 1.5% 

 (Reporting by Agnieszka Oleńska)
 ((Agnieszka.Olenska@thomsonreuters.com;))