Sylvamo Corporation (NYSE:SLVM) agreed to acquire Nymölla paper production site of Stora Enso from Stora Enso Paper Aktiebolag for €150 million on September 15, 2022. In the last 12 months ending June 30, 2022, the facility generated 350 million euros in revenue. The transaction is subject to customary closing conditions, including receiving the required regulatory approvals. Transaction is expected to close no later than the first quarter of 2023. As of January 2, 2023 all the regulatory approvals were obtained. BofA Securities, Inc. acted as financial advisor to Stora Enso Paper Aktiebolag. Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisor to Sylvamo Corporation (NYSE:SLVM). Evercore acted as financial advisor to Sylvamo.

Sylvamo Corporation (NYSE:SLVM) completed the acquisition of Nymölla paper production site of Stora Enso from Stora Enso Paper Aktiebolag on January 2, 2023