We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for streaming realtime charts, analysis tools, and prices.
| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Stora Enso Corporation (QX) | USOTC:SEOAY | OTCMarkets | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.62 | -4.33% | 13.70 | 13.47 | 13.99 | 13.77 | 13.68 | 13.73 | 19,285 | 21:01:55 |
From Jul 2019 to Jul 2024
HELSINKI--Stora Enso Oyj (STERV.HE) Tuesday said it will pay 22 million dollars to cover its share of a settlement that will close arbitration proceedings involving the Montes del Plata pulp mill project in Uruguay.
The Finnish paper, pulp and cardboard maker said the settlement payment will not have a material impact on its earnings. It will be recorded as capital expenditure in Stora Enso's second-quarter financial report.
The Montes del Plata mill, which started operations in 2014, is a joint venture between Stora Enso and the Chilean company Celulosa Arauco y Constitucion S.A. The joint venture was the target of arbitration proceedings started by a subsidiary of the Austrian plant engineering group Andritz AG (ANDR.VI) in 2014.
The parties to the arbitration have now signed an agreement that will end the proceedings. As a part of the agreement, Montes del Plata will make a $44-million cash payment to Andritz. Stora Enso's share of the payment is 50%.
Write to Juhana Rossi at juhana.rossi@wsj.com; Twitter: @WSJordics
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
1 Year Stora Enso (QX) Chart |
1 Month Stora Enso (QX) Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
