Stora Enso in 'exclusive negotiations' on possible sale of its LWC paper mill in Corbehem, France, to consortium Valpaco, says French minister; Stora Enso was expected to close the mill, which has been for sale since October 2012, in June
May 28, 2014
(Industry Intelligence Inc.)
– Helsinki-based Stora Enso Oyj is in talks with a potential buyer for its 330,000 tonnes/year lightweight coated (LWC) paper mill in Corbehem, France, reported Euwid on May 28.
It appeared the company would close the mill permanently in June, employee representatives said earlier. The mill has been for sale since October 2012, but a buyer has not surfaced until now.
The consortium Valpaco is in “exclusive negotiations” with Stora Enso about possibly buying the mill site, said France’s Minister of Industrial Renewal Arnoud Montebourg, Euwid reported.
Valpaco, which has businesses that include paper merchandising and paper management, is expected to present a business plan early in June, according to local media reports.
Representatives were not available for comment from either Valpaco or Stora Enso, reported Euwid.
The primary source of this article is Euwid, Gernsbach, Germany, on May 28, 2014. Click here to view full version of primary source's original article.