Stora Enso has entered into an agreement to acquire 100% of the Finnish sawmill company Junnikkala Oy. This acquisition aims to secure a cost-efficient wood supply to Stora Enso’s packaging board site in Oulu, Finland, and to support Stora Enso’s wood products business with new production assets. The total enterprise value for the transaction is up to EUR 137 million, a significant part of it being contingent upon achieving specific production milestones. The transaction is expected to close in the first half of 2025. Junnikkala operates three sawmills in Finland including its new state-of-the-art sawmill.