Tuesday, September 19, 2017 11:15 am

HELSINKI (News release) -- Stora Enso has completed the divestment announced on 26 July 2017 of its 35% holding in the equity accounted investment Bulleh Shah Packaging (Private) Ltd. in Pakistan to the main owner Packages Ltd.

The total cash consideration for the divestment of the shares is EUR 6 million. The loss on disposal amounts in total to approximately EUR 19 million and it will be recorded as an item affecting comparability in Stora Enso's third quarter 2017 results.

With this transaction, Packages Ltd. achieves full ownership of Bulleh Shah Packaging.

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