Stora Enso acquired 66% of the shares in the Polish packaging producer Intercell from private shareholders and the International Finance Corporation. Intercell is one of Poland's biggest corrugated packaging companies, with integrated operations from waste paper collection to corrugated packaging production with capacity of about 250 million m². The company has three corrugated packaging plants in Poland, as well as one sack factory in Poland and one in Serbia. Intercell's 2003 sales were EUR 150 million, 60% of which was from packaging and 40% from containerboards and paper, and its EBITDA in 2003 was EUR 27 million.
Pöyry Capital acted as the Exclusive Financial Advisor to Stora Enso Oyj.