UPM's sale of Corenso United minority shareholding concluded

The deal between UPM and Stora Enso, published on March 17, 2005, whereby UPM sells its 29% minority shareholding of Corenso United Oy Ltd, is now concluded.

Corenso United produces coreboard and cores and tubes for industrial use. Corenso has four coreboard mills and 14 core factories in Europe, China and North America, and associated companies in Canada and Spain.


For more information, please contact:
Mr Heikki Sara, Executive Vice President, Strategic Development, UPM, tel. +358 204 15 0040


UPM
Corporate Communications
June 1, 2005