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Stora Enso has today acquired 28% of the shares in Stora Enso Poland (formerly Intercell S.A.) from the State of Poland at a price of EUR 64 million. Following this acquisition, Stora Enso holds 95% of the shares in the company. The remaining shares, owned by the Polish State, will be distributed to current and retired employees of Stora Enso Poland. Stora Enso intends to purchase these remaining shares as soon as feasible. The total purchase cost of the initial 66% shareholding acquired in 2004 and today's acquisition is EUR 194 million. The enterprise value of the acquisition on a cash- and debt-free basis for the whole of Stora Enso Poland is approximately EUR 149 million. Stora Enso Poland's sales in 2006 were EUR 194 million.
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Stora Enso has today acquired 28% of the shares in Stora Enso Poland (formerly Intercell S.A.) from the State of Poland at a price of EUR 64 million. Following this acquisition, Stora Enso holds 95% of the shares in the company. The remaining shares, owned by the Polish State, will be distributed to current and retired employees of Stora Enso Poland. Stora Enso intends to purchase these remaining shares as soon as feasible. The total purchase cost of the initial 66% shareholding acquired in 2004 and today's acquisition is EUR 194 million. The enterprise value of the acquisition on a cash- and debt-free basis for the whole of Stora Enso Poland is approximately EUR 149 million. Stora Enso Poland's sales in 2006 were EUR 194 million.
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