Monday, 12 July 2021 22:10

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

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