Friday, Stora Enso (SEOAY.PK) and Arauco completed the acquisition of the majority of Grupo ENCE's operations in Uruguay. The joint acquisition on a 50/50 basis includes approximately 130,000 hectares of owned land and plantations, 6,000 hectares of leased lands and other operations owned by Grupo ENCE in the central and western areas of Uruguay.
As previously announced, the enterprise value of the transaction, which was completed ahead of the original target of the end of 2009, was US$344 or EUR 253 million, including US$33 million of assumed debt. Stora Enso's share of the enterprise value is 50%.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.