Mar 16, 2005. /Lesprom Network/. Stora Enso (NYSE:SEO) announced that Stora Enso Timber has acquired the remaining 34% shareholding in the Estonian Stora Enso Timber AS, former AS Sylvester, according to the original purchase agreement, and thus has gained 100% ownership of the company. The purchase price is about Euro 42 million. In February 2003 Stora Enso Timber acquired 66% of Sylvester's sawmilling operations which later formed Stora Enso Timber's Baltic Production Group. At the same time Stora Enso acquired 100% of Sylvester's wood procurement operations. The total purchase price was Euro 121.7 million. Stora Enso Timber's production assets in Baltic countries include four sawmills and a component mill in Estonia, one sawmill in Latvia and one in Lithuania. The total production capacity is 1.4 million cubic metres of sawn wood products, of which 0.5 million cubic metres is further processed. The latest investments include a glue laminated beam mill in Imavere and a planing line in Paikuse. Both mills are located in Estonia and will commence production during summer 2005.