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Capital & Financial MarketsPortfolio & Strategy 30 Oct 2026

Stora Enso board approves demerger of Swedish forest unit Bergslagets Skogar

Stora Enso's board has approved a plan to demerge its Swedish forest business, Bergslagets Skogar, into a company listed in Stockholm and Helsinki. The business holds more than 1.2 million hectares of forest valued at EUR 5.8bn at 30 September 2026. Shareholders may vote at an extraordinary general meeting on 15 December 2026, and completion is planned for 31 March 2027. Stora Enso expects its own net debt to fall by about EUR 800m. Bergslagets Skogar targets a net loan-to-value ratio of 0-20% and a payout of 80-100% of adjusted net income.

Why this mattersThe demerger creates a large listed pure-play Swedish forest owner and leaves Stora Enso focused on packaging and renewable materials with about EUR 800m less net debt.

  • Board approved the demerger plan on 30 October 2026; an EGM may vote on 15 December 2026, with completion planned for 31 March 2027
  • Bergslagets Skogar holds more than 1.2 million hectares of Swedish forest, valued at EUR 5.8bn at 30 September 2026
  • Stora Enso expects its net debt to fall by about EUR 800m as a result of the demerger
  • The five largest shareholders, holding about 28.6% of shares and 69.9% of votes, have signalled support
  • Targets: net loan-to-value of 0-20%, dividend of 80-100% of adjusted net income, 2% long-term free cash flow return, 1% annual growth in net standing stock
  • Listing planned in Stockholm and Helsinki; first Capital Markets Day on 3 November 2026 in Stockholm
Stora Enso
Sources Cision News papnews.com EUWID Papier und Zellstoff DE
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Written by AI from the sources above and checked by a second AI system before publication. No human wrote or edited this story. How it is made.

Updates

  • 2026-10-31 · Edited before publication: The 2025 sales and headcount fact is not in any source; removed. More material details from EUWID were missing and are added: the EGM date, the planned completion date, the EUR 5.8bn forest asset value, the expected cut of about EUR 800m in Stora Enso's net debt, and shareholder support.