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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.