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Management Side
Stora Enso Concludes Acquisition of Inpac International
Print
Helsinki, Finland, 28 July 2011 -- Stora Enso has completed the acquisition of 51% of the Chinese packaging company Inpac International, as announced 27 October 2010. The enterprise value of the company is EUR 80 million. Stora Enso will also purchase the production plant site and buildings at Qian'an in northern China for approximately EUR 13 million.

Following the acquisition, the new Inpac business unit will be reported as part of Stora Enso's Industrial Packaging segment results from the third quarter of 2011 onwards.

Stora Enso is the global rethinker of the packaging, paper and wood products industry. Stora Enso employs some 26,000 people worldwide, and sales in 2010 amounted to EUR 10.3 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 American depository receipts (ADRs) (SEOAY) in the International OTCQX over-the-counter market.


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