Solidium supports Stora Enso’s planned separation of its Swedish forest assets

Solidium believes the contemplated separation would sharpen strategic focus, optimise capital allocation, and allow both the packaging operations and the forest assets business to be assessed more easily, enhancing long-term value creation for all shareholders.

“Stora Enso’s plan to separate and list its Swedish forest assets business is based on clear industrial logic. A focused, listed pure-play forest company alongside a leading renewable packaging group sets out to create two strong platforms for sustainable profitable growth and disciplined capital allocation. We support Stora Enso’s plan set by the Board of Directors and management”, says Matts Rosenberg, CEO of Solidium.

Consistent with Stora Enso’s announcement, the contemplated demerger remains subject to customary preparations and approvals, including the signing of a demerger plan by Stora Enso’s Board and approval by a General Meeting.

Solidium is the largest owner of Stora Enso, holding 10.7 percent of the capital and 27.4 percent of the votes.

For further information:
Matts Rosenberg, CEO, Solidium
Natalie Nevaste +358 44 362 9198

Solidium is a Finnish state-owned investment company that creates long-term value through active and responsible ownership. Our investment strategy focuses on minority investments in Finnish listed companies of national importance and capital investments in Finnish unlisted growth companies. We strive for excellence in everything we do. The total market value of Solidium’s holdings is approximately EUR 9.1 billion. www.solidium.fi/en