Stora Enso Oyj: Changes in Shareholder Holdings

Stora Enso Oyj, a key player in the global bioeconomy, recently experienced fluctuations in shareholder holdings, as reported on May 13th and May 14th, 2024. BlackRock, Inc, a major player in the financial world, notified Stora Enso Oyj of changes in their holdings, causing a stir in the market. On May 13th, BlackRock's total holding in Stora Enso's shares fell below the 5 percent threshold, signaling a decrease in their stake. However, on May 14th, the tables turned as BlackRock's total holding, including financial instruments, increased above the 5 percent threshold, marking a significant shift in ownership. Stora Enso, known for its renewable products in packaging, biomaterials, and wooden construction, has two series of shares, with each A share and every ten R shares carrying one vote. With approximately 20,000 employees and sales of EUR 9.4 billion in 2023, Stora Enso continues to lead the way in sustainable products. The company's shares are listed on Nasdaq Helsinki Oy and Nasdaq Stockholm AB, as well as traded in the USA as ADRs and ordinary shares. The full chain of controlled undertakings behind the voting rights and financial instruments is detailed in the enclosed annex, shedding light on the intricate web of ownership in the financial landscape. As the market continues to evolve, Stora Enso Oyj remains a beacon of innovation and sustainability, driving the demand for renewable products in a changing world.