Stora Enso will increase its ownership stake in its Chinese subsidiary Stora Enso Inpac Packaging Co. Ltd from 51% to 90%.
The transaction is based on the terms of an option agreement dated October 2010.
The cash consideration is approximately €46 million (US$49.8 million).
The transaction is subject to regulatory approval by Chinese authorities and is expected to be finalized during the first quarter of 2016.
The transaction gives Stora Enso a better opportunity to develop the Inpac Packaging business further and to execute the strategy in the region.
