Stora Enso is preparing to sell approximately 12% of its 1.4 million hectares of forest assets in Sweden, equating to around 168,000 hectares.
This strategic move aims to reduce debt and strengthen the company's balance sheet.
To facilitate the sale, Stora Enso is implementing a new legal structure for its Swedish forest holdings. The transaction will depend on agreeing terms with investors, including a long-term wood supply and forest management agreement.
The potential sale has already positively impacted Stora Enso’s stock, with shares rising by 5% following the announcement. This reflects investor confidence in the company’s strategy to optimize its asset portfolio.
Stora Enso is a major player in the global bioeconomy, focusing on renewable products in packaging, biomaterials, and wooden construction. With around 20,000 employees and sales of EUR 9.4 billion in 2023, the company remains a significant force in the industry, listed on multiple stock exchanges worldwide.