Stora Enso to acquire Finnish sawmill company Junnikkala for €137m [Yahoo! Finance]
STORA ENSO OYJ ADR R SH (SEOAY)
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Source: Yahoo! Finance
The agreement will see Stora Enso taking over 100% of Junnikkala for up to €137m ($147m). Junnikkala specialises in producing sawn timber and processed wood products for both domestic and international markets. The acquisition includes three sawmills in Finland, one being an advanced facility located less than 10km from Stora Enso's Oulu site. The deal will allow the long-term supply of raw materials such as wood chips, pulpwood, and biomass sourced internally from the sawmills to Stora Enso's integrated board site. Subject to regulatory approvals, the acquisition is anticipated to be finalised in the first half (H1) of 2025. Stora Enso president and CEO Hans Sohlström said: "We are preparing for the start-up of our new converted packaging board line in Oulu and this acquisition will establish a solid foundation for our wood procurement. “It will also further enhance operational efficiency and optimise the Oulu production site and sawmills as an integrated unit, while als
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News
- Stora Enso Oyj: Notification of Change in Holdings according to Chapter 9, Section 10 of the Finnish Securities Markets Act (25 December 2024)PR Newswire
- Stora Enso Oyj: Notification of Change in Holdings according to Chapter 9, Section 10 of the Finnish Securities Markets Act (24 December 2024)PR Newswire
- Wood Pellets Market Projected to Reach USD 20.5 Billion by 2032 | Rising Demand for Renewable Energy Drives Market Growth [Yahoo! Finance]Yahoo! Finance
- Stora Enso Reports Impairments Of 724 Mn Euros [Barron's]Barrons
- Stora Enso's fourth quarter 2024 impairment test results [Yahoo! Finance]Yahoo! Finance