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Stora Enso Sells Stake in Sampo Oyj

March 15, 2006 - Stora Enso said that it has sold all its 8 746 620 shares in Sampo Oyj for approximately EUR 155 million. The shares represent 1.54% of the total number of outstanding shares in Sampo Oyj.

Stora Enso will record a capital gain of EUR 130.0 million as a non-recurring financial item in its first quarter 2006 results.

The shareholding in Sampo Oyj has been a non-core financial investment. The sale is consistent with Stora Enso's objective of concentrating its capital resources on its core businesses.

Sampo is Finland's leading bank specializing in long-term savings.

SOURCE: Stora Enso Oyj




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