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Stora Enso sells Finnlines stake for 35 mln eur; to book 33 mln eur Q4 gain.
(From AFX Europe (Focus))
HELSINKI (AFX) - Stora Enso said it sold its 5.4 pct holding in Finnish shipping group Finnlines for 35 mln eur.
The group will record a 33 mln eur one-off gain on the sale in its fourth quarter results.
Stora Enso did not name the buyer, however, one likely candidate is Finnlines' largest shareholder Grimaldi.
Grimaldi, an Italian shipping company, last month offered to buy out all of Finnlines' other …
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