Stora Enso Sells Shareholding in Finnlines Plc - Global Paper Money

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Stora Enso Sells Shareholding in Finnlines Plc

Helsinki, Finland, 30 November 2006 -- Stora Enso Oyj has sold all its 2,209,340 shares in Finnlines Plc for EUR 35 million. The shares represent 5.43% of the total number of outstanding shares in Finnlines.

Stora Enso will record a capital gain of EUR 33 million as a nonrecurring financial item in its fourth quarter 2006 results.

The shareholding in Finnlines Plc has been a non-core financial investment. The sale is consistent with Stora Enso's objective of concentrating its capital resources on its core businesses.

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