Stora Enso Oyj and AssiDomän AB signed a final agreement today concerning the formation of a company, Billerud, which will be 50/50-owned. An agreement in principle was reached in October concerning the formation of a new company from the paper mills Gruvön (Stora Enso) and Karlsborg and Skärblacka (AssiDomän). Billerud is expected to achieve a full-year turnover of approximately EUR 730 million (SEK 6,200 million).
The formal merger and formation is expected to take place on 1 January 2001. The deal should be completed during February 2001, providing that permission is granted from the competition authorities.
For further information, please contact:
Ingvar Petersson, SEVP Financial Services & IT, Stora Enso, Tel. +46 70 595 7605
Roger Asserståhl, Deputy CEO, AssiDomän, Tel. +46 70 558 9627
