Stora Enso Shares in Thiele Kaolin Sold in Early Feb of 2014
CHEMMONITOR.COM - Finland-based paper and packaging company Stora Enso is to sell its 40.24% interest in Thiele Kaolin Company, a processed kaolin clay manufacturer based in the USA. Stora Enso’s interest in the kaolin producer was part of the company’s North American operations. The sale of the shareholding is assessed at about USD 76 million. In Q1 of 2014, the Finnish company is planning to record a capital gain of USD 51 million.