2007'10.03.Wed
Stora Enso Divests Real Estate in Germany
September 29, 2007
Stora Enso Oyj Stock Exchange Release 28 September 2007 at
07.00 GMT
HELSINKI, Finland, Sept. 29 /Xinhua-PRNewswire/ -- As
announced on 4 October 2006, Stora Enso will close down
Reisholz Mill by the end of 2007. The mill's two paper
machines will cease production by year end and will then be
scrapped. Stora Enso has now signed an agreement to divest
its Reisholz Mill site real estate to Slough Estates
Commercial Properties, a fully owned subsidiary of SEGRO
plc, a Real Estate Investent Trust (REIT) based in the
United Kingdom. The asset disposal will improve Stora
Enso's third quarter 2007 operating profit by about EUR 10
million. This will be recorded as a positive non-recurring
item in the third quarter 2007 results.
According to SEGRO's current plans, the land will be
developed for big boxes-logistic users as well as light
industrial users. This will change the type of land use
away from paper production.
Reisholz Mill produces improved super-calendered (SC)
papers and has a total annual capacity of 215 000 tonnes.
About Stora Enso
Stora Enso is an integrated paper, packaging and forest
products company producing publication and fine paper,
packaging board and wood products - all areas in which the
Group is a global market leader. Stora Enso's sales
totalled EUR 14.6 billion in 2006. The Group has some 44
000 employees in more than 40 countries on five continents.
Stora Enso has an annual production capacity of 16.5 million
tonnes of paper and board and 7.4 million cubic metres of
sawn wood products, including 3.2 million cubic metres of
value-added products. Stora Enso's shares are listed in
Helsinki, Stockholm and New York.
For further information, please contact:
Bernd Rettig
EVP Country Manager Germany
Tel: +49-211-581-2310
Kari Vainio
EVP Corporate Communications
Tel: +44-7799-348-197
Keith B Russell
SVP Investor Relations
Tel: +44-20-7016-3146
Ulla Paajanen-Sainio
VP Investor Relations and Financial Communications
Tel: +358-40-763-8767
Website: http://www.storaenso.com
http://www.storaenso.com/investors
PR
Post your Comment
広告
ブログ内検索
アーカイブ
カウンター