June 28 (Reuters) - Stora Enso Oyj ::STARTED A FEASIBILITY STUDY AND AN ENVIRONMENTAL IMPACT ASSESSMENT (EIA) FOR A POSSIBLE INVESTMENT IN OULU.TO EVALUATE A POTENTIAL CONVERSION OF OULU PAPER MILL INTO PACKAGING BOARD PRODUCTION.FEASIBILITY STUDY IS EXPECTED TO BE CONCLUDED BY END OF 2018.CAPITAL EXPENDITURE FOR POTENTIAL CONVERSION IS ESTIMATED TO BE APPROXIMATELY EUR 700 MILLION DURING YEARS 2019-2021.PRODUCTION ON POTENTIAL NEW LINES WOULD START DURING 2020.PAPER PRODUCTION AT OULU MILL WILL CONTINUE AT LEAST UNTIL EARLY 2020.
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May 21 (Reuters) - UPM Oyj ::SAYS HELSINKI COURT OF APPEAL HAS TODAY RENDERED A JUDGEMENT WHEREBY IT HAS DISMISSED DAMAGES CLAIM OF METSÄHALLITUS AGAINST UPM, STORA ENSO AND METSÄLIITTO.CAPITAL AMOUNT OF METSÄHALLITUS' CLAIM WAS IN TOTAL EUR 124.9 MILLION, OF WHICH EUR 17.6 MILLION WAS BASED ON AGREEMENTS BETWEEN METSÄHALLITUS AND UPM.MAINTAINS THAT IT HAS NOT CAUSED ALLEGED DAMAGE TO METSÄHALLITUS.
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Feb 9 (Reuters) - Stora Enso Oyj ::SAYS BOARD OF DIRECTORS PROPOSES TO AGM THAT A DIVIDEND OF EUR 0.41 PER SHARE BE DISTRIBUTED FOR YEAR 2017.SAYS MIKAEL MÄKINEN HAS ANNOUNCED THAT HE IS NOT AVAILABLE FOR RE-ELECTION TO BOARD OF DIRECTORS.
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Dec 19 (Reuters) - Insplorion Ab ::INSPLORION SECURES EXTERNAL FINANCING OF UP TO SEK 60 MILLION FOR ACCELERATED COMMERCIALIZATION OF THE BATTERY SENSOR.CAPITAL WILL BE USED FOR ACCELERATED COMMERCIALIZATION OF COMPANY'S BATTERY SENSOR.
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Dec 12 (Reuters) - Stora Enso Oyj ::STORA ENSO REFINANCES ITS REVOLVING CREDIT FACILITY.SAYS HAS SIGNED A NEW EUR 600 MILLION REVOLVING CREDIT FACILITY AGREEMENT WITH A SYNDICATE OF 13 BANKS TO REFINANCE ITS EXISTING EUR 700 MILLION FACILITY.SAYS NEW FACILITY MATURES IN JANUARY 2023 AND WILL BE USED AS A BACKUP FOR GENERAL CORPORATE PURPOSES.
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Nov 27 (Reuters) - STORA ENSO OYJ ::STORA ENSO ANNOUNCES INTENT TO ACQUIRE FOREST ASSETS IN CONJUNCTION WITH PLANNED STRUCTURAL CHANGES IN BERGVIK SKOG AB.TRANSACTION WOULD RESULT IN A CASH OUT EFFECT OF EUR 250-300 MILLION.STORA ENSO'S CURRENT DEBT WOULD INCREASE BY APPROXIMATELY EUR 800 MILLION.NET DEBT TO EBITDA RATIO WOULD INCREASE BY APPROXIMATELY 0.6..FINAL AGREEMENTS ARE CURRENTLY UNDER NEGOTIATIONS BETWEEN PARTIES.AIM IS TO INITIATE TRANSACTIONS DURING FIRST HALF OF 2018.CAPITAL EMPLOYED WOULD INCREASE BY ABOUT EUR 1 BILLION, RESULTING IN A DECREASE IN ROCE OF ABOUT 1%-POINT.
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Nov 22 (Reuters) - Stora Enso Oyj :Says to divest its sheeting centre business in Baienfurt, Germany, to Finnish converting firm Pyroll.Says transaction is expected to be completed during Q1 of 2018.Says divestment not expected to have any significant effect on net debt or financials.Says sheeting centre employs approximately 60 people and had sales of 15 million euros ($17.61 million) in 2016.
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Nov 7 (Reuters) - Stora Enso Oyj - :Stora Enso introduces change in operational ebitda definition, higher strategic target for wood products division and capex for 2018.In 2018, estimated capital expenditure will be EUR 550–600 million, including eur 100 million for biological assets.Forecasted annual depreciation is EUR 490–510 million and operational decrease in value of biological assets EUR 50–70 million in 2018.
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Nov 1 (Reuters) - Stora Enso Oyj :says to divest Puumerkki, a wholesaler of wooden building materials, to Mimir Invest AB.says will book a loss of 8 million euros ($9.3 million) in its operational EBIT in the fourth quarter of 2017.Puumerkki's sales in 2016 were approximately EUR 160 million, and it has approximately 170 employees.
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Oct 25 (Reuters) - Stora Enso Oyj :Says will invest 94 million euros ($110.58 million) to grow in renewable materials and to increase competitiveness in consumer board and biomaterials.Says 52 million euros will be invested to increase dissolving pulp production capacity at Enocell mill and 42 million euros to enhance availability of chemi-thermomechanical pulp at Imatra mills.
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