Stora Enso buys US biotech firm Virdia

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Stora Enso has acquired all shares of US biotechnology company Virdia. The transaction value is put at $33m (€24m) in addition to potential incentive payouts of around $29m (€21m) if Vidria meets technical and commercial milestones by 2017. “The acquisition of Vidria supports Stora Enso’s biomaterials division ...

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