HELSINKI, Finland, June 13, 2002 (PRIMEZONE) -- Stora Enso (NYSE:SEO) today announced that Stora Enso has today sold most of its share holding in Billerud AB in a secondary market transaction. 18 522 300 shares were sold for a total amount (after fees and expenses) of EUR 182 million, which represents 29.5 percent of the share capital and votes in Billerud AB. The sale of shares will result in a capital gain of EUR 77 million to be realised in 2Q 2002.
After the completion of sale Stora Enso will own a total of 300 000 shares in Billerud AB, which represents 0.5 percent of the share capital and votes in Billerud AB.
For further information, please contact:
Tim Laatsch, Senior Vice President, Communications, Stora Enso North America, tel. 715 422 4023
Scott Deitz, Vice President, Investor Relations, Stora Enso North America, tel. 715 422 1521
Esko Makelainen, Senior Executive Vice President, CFO, tel. +44 208 432 1545
Keith Russell, Senior Vice President, Investor Relations, tel. +44 208 432 1552
Kari Vainio, Executive Vice President, Corporate Communications, tel +44 77 9934 8197
This information was brought to you by Waymaker http://www.waymaker.net
The following files are available for download:
http://www.waymaker.net/bitonline/2002/06/13/20020613BIT01350/wkr0001.doc http://www.waymaker.net/bitonline/2002/06/13/20020613BIT01350/wkr0002.pdf