Stora Enso sells Finnlines shares

30 November 2006 — Helsinki (FIN): Stora Enso Oyj has sold all of its 2,209,340 shares in transport company Finnlines, for €35 million ($46.2 million).

Stora Enso will record a capital gain of €33 million as a non-recurring financial item in its Q4 results.

 

The company says that the sale is consistent with its objective of concentrating its capital resources on its core businesses.