Consumables

Stora Enso increases its shareholding in Bergvik Skog

Friday 23. May 2014 - Stora Enso has acquired 405 shares in Bergvik Skog, a Swedish forest company, from SPP Livförsäkring for SEK 2.2 million per share, or in total SEK 891 million (EUR 99 million).

The transaction increases Stora Enso’s shareholding from 43.26% to 49% in the company. Stora Enso will continue to account for Bergvik Skog as an equity accounted investment following the transaction.
Bergvik Skog is a strategic asset for Stora Enso. Bergvik Skog’s forests are well located close to Stora Enso’s Swedish mills. This transaction underlines Stora Enso’s long-term engagement in Bergvik Skog and the importance to Stora Enso of securing stable access to wood raw material near the mills.