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STERV — Stora Enso Oyj News Story

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Brief: Stora Enso Divests 12.4% Of Its Swedish Forest Holdings For EUR 900 Mln

May 21 (Reuters) - Stora Enso Oyj STERV.HE:

STORA ENSO DIVESTS 12.4% OF ITS SWEDISH FOREST HOLDINGS FOR AN ENTERPRISE VALUE OF EUR 900 MILLION (INSIDE INFORMATION)

DIVESTMENT VALUED AT EUR 900 MILLION

DIVESTMENT PROCEEDS TO REDUCE NET DEBT BY EUR 790 MILLION

DUE TO DISPOSAL, GROUP'S ADJUSTED EBITDA EXPECTED TO DECREASE BY EUR 25 MILLION PER YEAR

Source text: ID:nWkr8d7lD2

Further company coverage: STERV.HE

 ((Reuters.Briefs@thomsonreuters.com;))

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