Stora Enso has completed the divestment of its Nymölla paper production site in Sweden and all related assets to Sylvamo, a US-based global producer of uncoated paper. The divestment announced on 15th September 2022 was closed after regulatory approvals. The enterprise value of the transaction is approximately EUR 150 million. The Nymölla site's capacity is 485,000 metric tonnes of woodfree uncoated office papers, with Multicopy as paper brand. Based on the 2021 figures, the divestment is expected to reduce Stora Enso's annual sales by approximately EUR 290 million. Subject to closing date adjustments, Stora Enso will book a one-time disposal loss of approximately EUR 25 million (including currency translation adjustments) in its IFRS operating profit in the first quarter of 2023 as an item affecting comparability.