Stora Enso divests its sawmills and forest operations in Russia

Stora Enso has entered into an agreement to divest its two sawmills in Russia. The company’s Nebolchi and Impilahti sawmills will be divested to local management. In addition, the divestment includes Stora Enso’s Russian forest operation which through its harvesting supplies wood to the sawmills. Stora Enso’s assessment is that due to the uncertainties in…