Helsinki, Finland, 2014-05-08 12:00 CEST(GLOBE NEWSWIRE) -- STORA ENSO OYJ STOCK EXCHANGE RELEASE 8 May 2014at 13.00 EET Stora Ensohas signed an agreement to divest its Uetersen specialty and coated fine paper mill in Germanyto Brigl & Bergmeister, an Austrian specialty paper producer. The cash consideration for the divestment of the shares is EUR 10 million. The loss on disposal amounts to approximately EUR 30 millionand will be recorded as a non-recurring item in Stora Enso’s second quarter 2014 results. The transaction is in line with Stora Enso’s strategic transformation to a value-creating renewable materials company focusing on growth markets. The transaction is expected to be completed in mid-July 2014. The transaction will enhance Stora Enso’s operational EBIT and cash flow from the third quarter of 2014. Based on 2013 annual figures, the divestment is expected to reduce Stora Enso’s annual sales by EUR 155 million. It will also reduce Stora Enso’s working capital by EUR 10 millionand annual paper production capacity by around 240 000 tonnes. Uetersen Millemploys approximately 400 people. Stora Ensowill continue to produce specialty papers at Imatra Milland coated fine paper at Oulu Millin Finland. About Brigl & Bergmeister Brigl and Bergmeister is a producer of specialty paper for the beverage and food industry. The company has paper mills in Niklasdorf ( Austria) and Vevce (Slovenia) and a combined capacity of 198 000 tonnes of label and flexible packaging paper. For further information, please contact: Ulla Paajanen-Sainio, Head of Investor Relations, tel. +358 2046 21242 Ulrika Lilja, Senior Vice President Communications, Printing and Living, tel. +46 72 221 9228 www.storaenso.comwww.storaenso.com/investors Stora Ensois the global rethinker of the paper, biomaterials, wood products and packaging industry. We always rethink the old and expand to the new to offer our customers innovative solutions based on renewable materials. Stora Ensoemploys some 29 000 people worldwide, and our sales in 2013 amounted to EUR 10.6 billion. Stora Ensoshares are listed on NASDAQ OMX Helsinki (STEAV, STERV) and Stockholm(STE A, STE R). In addition, the shares are traded in the USAas ADRs (SEOAY) in the International OTCQX over-the-counter market. STORA ENSO OYJCopyright © 2014 OMX AB (publ).