Stora Enso divests Sunila site to AALTO Development

Stora Enso has signed an agreement to divest its real estate of the Sunila site in Kotka, Finland, to AALTO Development Oy. AALTO Development is a Finnish, privately-owned property development company focusing on high-quality architecture and urban planning.

Stora Enso will remain in Sunila as a tenant to AALTO Development. The Lignode battery material pilot plant will continue its operations in Sunila. Also, the Sunila-based demonstration plant engineering study, announced earlier by CarbonScape, is unaffected by the transaction.

The parties have agreed not to disclose the transaction price. The closing of the transaction is expected during Q4 2024.
more at: https://www.storaenso.com/en/newsroom/press-releases/2024/11/stora-enso-divests-sunila-site-to-aalto-development

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