Pulp and Paper Canada

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Stora Enso buys Corenso


March 21, 2005
By Pulp & Paper Canada

A move by Stora Enso to buy up UPM’s 29% minority shareholding of Corenso United Oy Ltd will see the company gain 1…

A move by Stora Enso to buy up UPM’s 29% minority shareholding of Corenso United Oy Ltd will see the company gain 100% control of the coreboard, tube and core producer. Stora Enso claims it made the purchase so that it would be able to independently develop the business area. Although the deal has yet to be stamped with approval from competition authorities, the transaction is expected to close by the end of the second quarter.

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