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Stora Enso increases stake in Chinese subsidiary for EUR46m

Stora Enso increases stake in Chinese subsidiary for EUR46m, Stora Enso, Stora Enso Inpac Packaging Co Ltd, Asia packaging, China packaging
CHINA -
Stora Enso is increasing its stake in its Chinese subsidiary Stora Enso Inpac Packaging Co Ltd, so it will have more control over business growth strategies and operations.

Stora Enso has entered into an equity transfer agreement to increase its ownership stake in the subsidiary from 51% to 90% for a cash consideration of approximately EUR 46 million.

The transaction is based on the terms of an option agreement dated October 2010. Subject to regulatory approval by Chinese authorities, it is expected to be finalised during the first quarter of 2016… For the full story, subscribe to Packaging Business Insight Asia here.

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