Case No COMP/M.3777 - STORA ENSO / CORENSO

Only the English text is available and authentic.

REGULATION (EC) No 139/2004 MERGER PROCEDURE

Article 6(1)(b) NON-OPPOSITION Date: 24/05/2005

In electronic form on the EUR-Lex website under document number 32005M3777

Office for Official Publications of the European Communities L-2985 Luxembourg

COMMISSION OF THE EUROPEAN COMMUNITIES

Brussels, 24.05.2005

SG-Greffe(2005) D/202251

MERGER PROCEDURE ARTICLE 6(1)(b) DECISION

SIMPLIFIED PROCEDURE

PUBLIC VERSION

To the notifying party

Dear Sirs,

Subject: Case No. COMP/M. 3777 ñ Stora Enso/Corenso

Notification of 18.04.2005 pursuant to Article 4 of Council Regulation (EC) No. 1139/2004 Publication in the Official Journal of the European Communities No. C 100 of 26.04.2005, page 33.

1.On 18.04.2005, the Commission received a notification of a proposed concentration pursuant to Article 4 and following a referral pursuant to Article 4(5) of Council Regulation (EC) No 139/2004 by which the Finnish undertaking Stora Enso Oyj (Stora Enso) acquires within the meaning of Article 3(1)(b) of the Council Regulation control of the whole of the Finnish undertaking Corenso United Oy Ltd and the German undertakings Corenso United (Deutschland) GmbH & Co KG, Corenso-Elfes GmbH & Co KG and Elfes Beteiligungs GmbH (these companies which together constitute the target, are referred to as Corenso) by way of purchase of shares.

The business activities of the undertakings concerned are:

-- for Stora Enso: production and sale of forest industry products.

-- for Corenso: production and sale of coreboard and cores

1Official Journal L 24, 29.1.2004 p. 1.

Commission europÈenne, B-1049 Bruxelles / Europese Commissie, B-1049 Brussel - Belgium. Telephone: (32-2) 299 11 11.

2.After examination of the notification, the Commission has concluded that the notified operation falls within the scope of Council Regulation (EC) No. 139/2004 and of paragraph 5, subparagraph c) and subparagraph d), of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No 139/2004.

For the reasons set out in the Notice on a simplified procedure, the Commission has decided not to oppose the notified operation and to declare it compatible with the common market and with the EEA Agreement. This decision is adopted in application of Article 6(1)(b) of Council Regulation (EC) No. 139/2004.

For the Commission, signed Neelie KROES Member of the Commission

2Official Journal C 56 of 05.03.2005 p. 32.

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