Stora Enso
Helsinki, Finland, 07 September 2011 -- Stora Enso will record a provision with a cash impact of approximately USD 180 million (about EUR 128 million) as a negative nonrecurring item (NRI) in its third quarter 2011 results due to NewPage Corporation's Chapter 11 filing in the United States. On 07 September 2011, NewPage voluntarily filed for Chapter 11 protection under the U.S. Bankruptcy Code to reorganize its debt. Stora Enso produces packaging, paper, and wood products. The company offers customers innovative solutions based on renewable materials. Stora Enso employs some 26,000 people worldwide, and had sales in 2010 amounting 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 ADRs (SEOAY) in the International OTCQX over-the-counter market.
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