Stora Enso completed divestment of mill in Germany

Stora Enso completed divestment of mill in Germany
    Stora Enso has completed the sale of its KVH plant in Pfarrkirchen, Germany to the financial investor LEO II. – VV1 GmbH,, represented by the private equity company Dubag Group, previously announced on January 8, 2020.    As the company further announces, the production of construction solid wood (KVH) will be bundled in the Czech plant Ždírec in the future. The sale of the Pfarrkirchen plant has no material impact on Stora Enso's operating EBIT or net debt. The transaction will reduce Stora Enso's annual sales by approximately € 40 million and ...

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