HELSINKI, Finland, Nov. 18, 2015 (GLOBE NEWSWIRE) -- Stora Enso has appointed Citi (acting through Citibank N.A.) as its successor depositary bank for its Level 1 American Depositary Receipt (ADR) programme, which trades on the US OTCQX marketplace under the symbol "SEOAY".
"I am delighted to start working again with Citi as our Depositary Bank and to further expand Stora Enso's and Citi's relationship. The ADR holders are an important shareholder base for Stora Enso and significantly broaden the Company's investor base in North America. Therefore, it is important for us to work closely with Citi to further leverage their resources, their strong global and North American presence and commitment to equities, especially the ADR investor base. Our aim is to increase our visibility as a renewable materials company," says Stora Enso's Head of Investor Relations Ulla Paajanen-Sainio.
For further information, please contact:
Ulla Paajanen-Sainio, SVP, Investor Relations, tel. +358 40 763 8767
Stora Enso is a leading provider of renewable solutions in packaging, biomaterials, wood and paper on global markets. Our aim is to replace non-renewable materials by innovating and developing new products and services based on wood and other renewable materials. We employ some 27 000 people in more than 35 countries, and our sales in 2014 were EUR 10.2 billion. Stora Enso shares are listed on NASDAQ OMX Helsinki (STEAV, STERV) and Stockholm (STE A, STE R). In addition, the shares are traded in the USA as ADRs (SEOAY) on the International OTCQX over-the-counter market. storaenso.com
STORA ENSO OYJ
Source:Stora Enso Oyj