Apr 22, 2008. /Lesprom.com/. The European Commission said it has cleared private equity group Altor's proposed Euro 640 million acquisition of Finnish paper group Stora Enso Oyj.'s Papyrus merchant unit. The transaction was cleared under the EU's simplified merger review procedure for cases which the commission believes do not pose competition concerns. Altor is a private equity firm focusing on investments in companies based in the Nordic region. Stora Enso is an integrated paper, packaging and forest products company producing newsprint, magazine paper, fine paper, consumer board, industrial packaging and wood products. Papyrus is one of Europe's leading paper merchants. It supplies 1.9 million tonnes of paper annually.