|Bid||139.50 x 0|
|Ask||139.60 x 0|
|Day's range||139.40 - 145.00|
|52-week range||138.10 - 205.40|
|Beta (5Y monthly)||1.06|
|PE ratio (TTM)||178.85|
|Forward dividend & yield||5.76 (3.68%)|
|Ex-dividend date||16 Mar 2022|
|1y target est||N/A|
Finnish forestry group Stora Enso said on Tuesday it would sell its Maxau paper production site in Germany to Schwarz Group, the owner of discount supermarket chains Lidl GB and Kaufland. The transaction is part of Stora Enso's plan to divest four of its five remaining paper production sites as it shifts its focus to packaging. "Schwarz's plan is to continue paper production at the site, and the 440 employees belonging to the mill organisation at Maxau will be part of the transaction," Stora Enso said in a statement.
By using wooden components in lithium-ion batteries, companies may well be able to drastically reduce the carbon footprint associated with the production of electric vehicles
Swedish battery maker Northvolt and Finnish-Swedish forestry company Stora Enso are trying to develop batteries from forestry byproduct lignin, the companies said on Friday. After years of research and development, it could be turned into new products by forestry giants letting go of paper. "Our lignin-based hard carbon...will secure the strategic European supply of anode raw material," head of Stora's biomaterials unit Johanna Hagelberg said in a statement outlining a development agreement between the companies.