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Acquired by Finnish packaging materials company Powerflute Oyj
December 2, 2014
By: DAVID SAVASTANO
Editor, Ink World Magazine
Stora Enso has completed the divestment of its Corenso business operations to the Finnish packaging materials company Powerflute Oyj. The enterprise value of the transaction is approximately €90 million, and the all cash consideration approximately €102 million. The transaction is estimated to result in a capital gain of approximately €12 million that will be reported as a positive non-recurring item in Stora Enso’s fourth quarter 2014 operating profit. Corenso was part of the Stora Enso Ren...
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