Stora Enso Preparing to Sell Part of Its Forest Assets in Sweden

Stora Enso, a leading provider of renewable products in packaging, biomaterials, and wooden construction, and one of the largest private forest owners in the world, announced on Wednesday that it is preparing to sell approximately 12% of its total forest assets of 1.4 million hectares (3.46 million acres) in Sweden.

Stora Enso has initiated steps to implement a new legal structure for its Swedish forest assets to facilitate the potential sale, the company said. A potential transaction would be subject to agreeing terms and conditions with investors, including a long-term wood supply and forest management agreement.

Stora Enso said a sale would reduce debt and further strengthen its balance sheet, confirming the financial value of the company’s forest holdings.