Despite further evidence provided by the parties to clear the concerns of the FCO, the authorities’ assessment remained. Consequently, Brigl & Bergmeister withdrew the application for the merger on 9 October. The parties have agreed to terminate the share purchase agreement.

 Stora Enso recorded a negative non-recurring item of approximately EUR 34 million related to the planned disposal in the second quarter 2014 operating profit. As a consequence, Stora Enso will reverse the loss on disposal of approximately EUR 28 million as a positive non-recurring item in its third quarter 2014 operating profit.

Stora Enso will now evaluate its options, which may include divestment or restructuring of the loss-making Uetersen Mill.