Stora Enso signs agreement to acquire forest assets in Bergvik Skog
Stora Enso and the other shareholders in Bergvik Skog AB have signed an agreement for restructuring of the ownership in Bergvik Skog. As a result of this restructuring, Stora Enso will transform its current ownership of 49.8% of the shares in Bergvik Skog, to a direct holding of 69.8% of the forest assets in Bergvik Väst AB. The total value of the transaction in Stora Enso's balance sheet is estimated to be approximately EUR 1 billion, corresponding to just over SEK 10 billion.
The transaction, which is expected to be completed in the first half of 2019, entails that Stora Enso through direct holding of forest assets secures competitive raw material supply in the long term.
Stora Enso was advised by Mannheimer Swartling in the transaction.