Stora finalises divestment of Celbi



8 August 2006 — Helsinki (FIN): Stora Enso has finalised the divestment of Celbi Pulp Mill in Portugal to Portuguese-based Altri.


The sales price of Celbi’s equity is approximately €430 million ($551.6 million) and the company has no debt.


Stora Enso will receive a capital gain of approximately €170 million on the completion of the sale.