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Article: Stora Enso Finalises the Ownership Restructuring of Its Forestlands in Sweden and Canada.
- Article from:
- PR Newswire
- Article date:
- March 18, 2004
CopyrightCOPYRIGHT 2004 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Stora Enso today announced that Stora Enso has finalised the transaction to restructure ownership of its Swedish forestlands announced in December 2003. The majority of shares in Bergvik Skog AB have been sold to institutional investors. The main equity investors besides Stora Enso and its partner in this transaction, Korsnas, include Lansforsakringar-Liv, Tredje AP-fonden, Knut and Alice Wallenberg Foundation and Nordea Liv. The chairman of the Board of Directors of Bergvik Skog AB will be Hans Jonsson, nominated by Lansforsakringar-Liv. Following the sale, Stora Enso and Korsnas retain 43.3% and 5% shareholdings respectively in Bergvik Skog.
A debt facility of ...