Forest industry company Stora Enso is initiating a strategic review of its forest assets in Sweden, according to a press release.
The review is said to include an evaluation of the potential to split and list the forest assets through a spin-off.
"Initiating this strategic review demonstrates our commitment to maximizing shareholder value while ensuring that we remain aligned with our long-term strategic goals. By evaluating various strategic options, we aim to increase our business focus, reduce complexity, and unlock the full potential of both our forest and industrial operations," said CEO Hans Sohlström.
The review is said to have the support of FAM, the Wallenberg family's unlisted holding company.
"FAM supports today's announced strategic review, which aims to increase focus and clarify value. A potential separation and listing of the Swedish forest assets would create two leading companies, one of the world's leading global renewable packaging companies and Europe's largest pure-play listed forest company. If the Swedish forest assets were to be listed, both Stora Enso and the forest company would be strategic holdings for FAM," said FAM CEO Håkan Buskhe in a separate press release.
The company plans to provide an update on the strategic review by the end of 2025 at the latest.
Stora Enso Oyj is a Finland-based provider of renewable solutions in packaging, biomaterials, wooden construction and paper industries. The Company has six divisions: the Packaging Materials division provides renewable packaging materials based on both virgin and recycled fiber, the Packaging Solutions division develops and sells premium fiber-based packaging products and services; the Biomaterials division offers a variety of pulp grades to the paper, board, tissue, textile and hygiene product producers; the Wood Products division is a sawn wood producer and a provider of wood-based solutions to the construction industry; the Forest division manages Stora Enso’s forest assets in Sweden and is responsible for wood sourcing for Stora Enso’s Nordic, Baltic and Russian operations and the Paper division, that provides paper products made from recycled and virgin fiber. Stora Enso Oyj operates worldwide.
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