Stora Enso, SCA, Smurfit Kappa and Fiskeby Board have agreed to divest their ownership in IL Recycling, a Swedish recycled materials company, to Stena Metall. The transaction is subject to customary competition approvals.

Stora Enso, SCA, Smurfit Kappa and Fiskeby Board are advised by Mannheimer Swartling in the transaction. The firm’s team includes Isabella Ramsay, Jonas Lagerroos and Johan Grape (M&A), with Johan Carle, Jens Agö and Sofia Thelin advising on competition law matters.