Stora Enso Studies Spinning Off $6.7 Billion of Swedish Forests

Stora Enso Oyj is exploring a potential sale or spin-off of its €5.8 billion ($6.7 billion) Swedish forest holdings, as part of a strategic review by the Finnish packaging company.

The review will explore various options, including a potential separation and listing of the forest business through a partial demerger into a new company that would be wholly owned by Stora Enso shareholders, the Helsinki-based company said in a statement on Wednesday. If spun off, the Swedish forest business would emerge as Europe’s largest listed pure forest company, Stora said.

Such a move would “establish two robust and independent entities, ...