This concerns 175,000 hectares of forest, equivalent to 12.4 percent of Sweden's forest assets.
The buyer is a newly started company, co-owned by Soya Group, the parent company of Wallenius shipping lines (40.6 percent), and a consortium led by MEAG, asset manager for the German insurance company Munich Re (44.4 percent).
Stora Enso retains a 15-percent ownership.
The deal was expected. The Finnish-Swedish forestry giant announced in connection with the financial report in February that the sales process was underway.
"We remain committed to building a stronger Stora Enso. This deal further strengthens our financial stability," says CEO Hans Sohlström in a press release.
In connection with the deal, Stora Enso has entered into a 15-year timber supply contract with the newly formed company regarding the divested forest, with an additional possible extension of 15 years.
