Stora Enso strengthens wood supply chain to its packaging board site in Oulu by acquiring a Finnish sawmill company
STORA ENSO OYJ ADR R SH (SEOAY)
NASDAQ:AMEX Investor Relations:
storaenso.com/investors
Company Research
Source: PR Newswire
STORA ENSO OYJ INVESTOR NEWS 28 October 2024 at 8:00 EETHELSINKI, Oct. 28, 2024 /PRNewswire/ -- Stora Enso has entered into an agreement to acquire 100% of the Finnish sawmill company Junnikkala Oy. This acquisition aims to secure a cost-efficient wood supply to Stora Enso's packaging board site in Oulu, Finland, and to support Stora Enso's wood products business with new production assets.The total enterprise value (EV) for the transaction is up to EUR 137 million, a significant part of it being contingent upon achieving specific production milestones. The transaction is subject to customary closing conditions including regulatory approvals, and is expected to close in the first half of 2025.Junnikkala Oy is a Finnish producer of sawn timber and processed wood products for domestic and export markets. It operates three sawmills in Finland including its new state-of-the-art sawmill, less than 10 kilometres from the Stora Enso Oulu site. The acquired sawmills will create synergies with
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News
- Stora Enso to acquire Finnish sawmill company Junnikkala for €137m [Yahoo! Finance]Yahoo! Finance
- Stora Enso strengthens wood supply chain to its packaging board site in Oulu by acquiring a Finnish sawmill company [Yahoo! Finance]Yahoo! Finance
- Stora Enso Oyj 2024 Q3 - Results - Earnings Call Presentation [Seeking Alpha]Seeking Alpha
- Stora Enso Oyj reports Q3 results [Seeking Alpha]Seeking Alpha
- This release is a summary of Stora Enso's Interim Report January–September 2024. The complete report is attached to this release as a pdf file. It is also available on the company website at [Yahoo! Finance]Yahoo! Finance