Wednesday, May 27, 2009

Stora Enso Buys Empresarial Ence Assets For $344M

Stora Enso and Arauco, Finnish and Chilean forestry companies, have agreed to acquire Celulosa y Energia Punta Pereira Eufores and Zona Franca Punta Pereira from Grupo Empresarial Ence, a Spanish wood company, for $344 million. Morgan Stanley advised Stora Enso; Bank of America Merrill Lynch advised the assets of Empresarial Ence.

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