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Stora Enso Finalizes Partial Divestment of Stora Enso Arapoti to Arauco
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Helsinki, Finland, 01 November 2007 -- Stora Enso has finalized the partial divestment of Stora Enso Arapoti in Brazil to Arauco as anticipated in the announcement on 27 September 2007. Stora Enso sold 100% of the Arapoti sawmill, 80% of the shares of the forest holding company, and 20% of the shares of the coated paper mill company to Arauco. The total consideration is USD 208 million (EUR 144 million).

Stora Enso Arapoti comprises a coated paper mill company (capacity 205,000 metric tons of LWC paper per year), a sawmill (capacity 150,000 m³ per year), and a forest plantations company (30,000 hectares of plantations).

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