Stora Enso offloads Swedish mills

Stora Enso said it will sell its Grycksbo Fine paper mill in Sweden to Accent Equity, a Stockholm-based private equity firm for 37 million euros by the end of March.

In the same statement, Stora Enso said that it will also sell its Linghed sawmill to Dalarna Lumber AB of Sweden for 1.1 million euros with immediate effect.

The disposal of Grycksbo and Linghed mills will decrease Stora’s annual sales by around 140 million euros and 7 million euros respectively, it said.