Stora Enso divests 12.4% of its Swedish forest holdings to Soya Group and a MEAG led consortium

Stora Enso, the leading provider of renewable products in packaging, biomaterials, and wooden construction, and one of the largest private forest owners in the world, has entered into an agreement to divest approximately 175,000 hectares of forest land, equivalent to 12.4% of its total forest land holdings in Sweden, for an enterprise value of EUR 900 million, equivalent to SEK 9.8 billion.

Stora Enso will retain a 15% ownership in the company. In connection with the transaction, Stora Enso and the divested entity will enter into a 15-year wood supply agreement with a possible additional 15-year extension.

Stora Enso was advised by Mannheimer Swartling in the transaction.