News: Stora Enso Oyj (STEAV.HE)

STEAV.HE on Helsinki Stock Exchange

29 Aug 2014
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€-0.14 (-2.01%)
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Wed, Jul 2 2014

RPT-Fitch Plans to Withdraw Ratings on Stora Enso

July 2 - (The following statement was released by the rating agency)

UPDATE 2-New Stora Enso CEO's task to improve paper profits

* Shares down 0.4 pct vs 0.3 pct drop in Helsinki bourse (Rewrites first paragraph, adds comments on strategy, consolidation)

New CEO says Stora does not necessarily have to consolidate

HELSINKI, June 30 - Finnish paper maker Stora Enso's incoming chief executive said on Monday that the company could take part in industry mergers if it profited the company, but does not have to, as much of restructuring has already been done.

Stora Enso buys U.S. biotech firm Virdia for $33 million

HELSINKI - Finnish papermaker Stora Enso said on Monday it had bought U.S. based biotechnology firm Virdia for $33 million, with potential additional payouts totaling $29 million.

UPDATE 1-Stora-Arauco Uruguay pulp mill still awaiting final permit -Arauco

(Adds company comment that it is still awaiting final permit)

UPDATE 1-Stora expects final permit for Uruguayan pulp mill this week

HELSINKI, June 3 - An executive at Finland's Stora Enso said the $2 billion eucalyptus pulp mill it has built in Uruguay with Arauco should receive its final permit this week, and he reduced its 2014 output target due to recent delays.

Stora says Uruguay pulp mill permit expected this week

HELSINKI, June 3 - A Finnish pulp and paper maker Stora Enso executive said the pulp mill it has built in Uruguay with Arauco is ready to start and should receive its final permit this week.

UPDATE 1-Andritz puts in claim of 200 mln euros against Stora, Arauco JV

HELSINKI, June 2 - Austrian machine builder Andritz has initiated arbitration proceedings against a joint venture in Uruguay, owned by Stora Enso and Arauco, claiming 200 million euros ($273 million), Stora Enso said on Monday.

RPT-Fitch Affirms & Withdraws 8 Non-Financial Corporate Issuers' Short-Term Ratings

May 30 - (The following statement was released by the rating agency)

UPDATE 2-Stora Enso boss to resign after strong first quarter

* Uruguay pulp mill ready for start-up, awaits permits (Adds CEO comments, updates shares)

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