Stora Enso has entered into an equity transfer agreement to increase its ownership stake from 51% to 90% in its Chinese subsidiary Stora Enso Inpac Packaging Co. Ltd. The cash consideration is appr. € 46 m. The transaction is subject to regulatory approval by Chinese authorities and is expected to be finalized during the first quarter of 2016. The transaction gives Stora Enso a better opportunity to develop the Inpac Packaging business further and to execute the strategy in the region. The transaction will have no impact on group’s sales or operating profit. Stora Enso Inpac ­offers fibre-based packaging solutions with design, production, sales and R&D services. The company has production units in Qian’an, Dongguan and Jiashan.