Stora Enso enters ownership discussions

26 October 2006 — Sao Paulo (BRA): Stora Enso is leading discussions with Chilean forest products company Arauco, regarding the joint ownership of certain assets of Stora Enso Arapoti in Brazil.

The potential deal is focused primarily on Stora Enso Arapoti’s sawmill and forestland operations.

 

Stora Enso acquired Stora Enso Arapoti from International Paper last month for approximately $420 million. The Arapoti assets were formerly owned by Inpacel – Indústria de Papel Arapoti and Inpacel Agroflorestal, subsidiaries of International Paper.

 

The non-binding discussions are expected to be finalised before the end of January.