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Stora Enso sells German newsprint mill Stora Enso is selling its Sachsen newsprint mill in Germany

Stora Enso sells German newsprint mill

Stora Enso is selling its Sachsen newsprint mill in Germany, with the new owners planning to convert the facility to make containerboard.

The €35m (£30.2m) deal to sell the mill to the Model Group involves an agreement whereby Stora Enso will continue to sell and distribute newsprint made at the facility for an 18-month period after the sale completes.

The sale is expected to complete in Q3. It leaves €8.55bn turnover Stora Enso with one remaining paper mill in Germany, Maxau Mill which makes supercalendered paper and deinked pulp from recovered paper.

Published in Inside the Business
Pablo M. Lee