Stora Enso initiates a strategic review of its Swedish forest assets

As part of its stronger focus on renewable packaging, Stora Enso is initiating a strategic review of its Swedish forest assets. The review includes assessing a potential separation and public listing of the forest assets through a partial demerger. The initiative aims to further increase business focus, streamline operations, and fully unlock the value of both the forest assets and Stora Enso's core packaging business. 

 As part of this review, Stora Enso will explore various options, including a potential separation and listing of the forest business through a partial demerger into a new company that would be wholly owned by all Stora Enso shareholders. This move aims to establish two robust and independent entities, each with heightened focus and strategic agility. Stora Enso would continue to lead in renewable packaging, with strong market positions and more flexible, integrated, and cost-competitive production. Meanwhile, the Swedish forest business would emerge as Europe's largest listed pure forest company, owning a unique class of assets with anticipated long-term value appreciation and potential for significant new revenue streams.

Following the recent agreement to divest approximately 175,000 hectares of Swedish forestland for an enterprise value of EUR 900 million, in line with book value, Stora Enso retains ownership of over 1.2 million hectares (1.0 million hectares of productive forestland) in Sweden, with a fair value of approximately EUR 5.8 billion as of 31 March 2025. While these assets are integral to Stora Enso's wood supply chain, they possess a distinct operational, financial, and strategic profile.

Stora Enso plans to provide an update on the strategic review by the end of 2025. All changes are subject to co-determination negotiations and other potential legal procedures in all impacted countries.

W.P. Carey spin-off information

W. P. Carey Inc. (W. P. Carey, NYSE: WPC) today announced that the Registration Statement on Form 10 associated with the previously announced plan to spin off 59 office properties (the "Spin-Off"), filed under the newly created company Net Lease Office Properties ("NLOP"), that will be a separate, publicly-traded real estate investment trust, was declared effective on October 6, 2023. W. P. Carey has declared October 19, 2023 as the record date for the Spin-Off and November 1, 2023 as the distribution date for the Spin-Off.

The dates set forth above may be delayed subject to satisfaction or waiver of the conditions to the Spin-Off. The Spin-Off will be accomplished via a pro rata dividend of one NLOP common share for every 15 shares of W. P. Carey common stock outstanding as of the record date for the Spin-Off. W. P. Carey stockholders will receive cash in lieu of fractional shares in the Spin-Off. No action is required by W. P. Carey stockholders in order to receive common shares of NLOP in the Spin-Off.

 Since I own  58 shares of WPC, I will be receiving 3 shares of NLOP and some cash.

Sampo Oyj spinned-off Mandatum Oyj

Sampo Oyj (HEL:SAMPO) spinned-off Mandatum Oyj (HEL:MANTA). I received 41 shares of Mandatum Oyj. 

W.P. Carey to spin-off Office assets to a new REIT

W. P. Carey Inc. (W. P. Carey, NYSE: WPC) today announced that its Board of Directors has unanimously approved a plan to exit the office assets within its portfolio by (i) spinning-off 59 office properties into Net Lease Office Properties ("NLOP"), so that it will become a separate publicly-traded REIT (the "Spin-Off"), and (ii) implementing an asset sale program to dispose of 87 office properties retained by W. P. Carey (the "Office Sale Program"). The Spin-Off is expected to close on or around November 1, 2023, subject to the satisfaction of certain conditions, and all sales under the Office Sale Program are targeted to be completed by January 2024.

The Spin-Off, which does not require shareholder approval, is expected to close on or around November 1, 2023, subject to certain closing conditions. Upon completion, W. P. Carey stockholders as of the record date for the Spin-Off will receive shares of NLOP via a pro rata special distribution, which is expected to be taxable for U.S. federal income tax purposes. Shares of NLOP are expected to trade on the New York Stock Exchange under the ticker symbol NLOP.

 WPC also announced that dividend will be decreased after this spin-off which is understandable. Lets see how big dividend will be for WPC and NLOP after this spin-off

 

 

Sampo planning to spin-off Mandatum

Board of Directors of Sampo announced a strategic review of Mandatum’s role within the Group. Following an assessment of options, the Board has resolved to propose a partial demerger of Sampo plc to separate Mandatum from the Sampo Group.

The demerger would create a leading pure-play Nordic P&C insurer capable of delivering high and stable returns on capital, and an independent Mandatum.

As demerger consideration, Sampo shareholders would receive one new share in Mandatum plc, the company to be incorporated in the demerger on the effective date, which is expected to be 1 October 2023, for each existing series A or series B share in Sampo plc. Mandatum would only have one share class. Shares in Mandatum would be admitted for trading on Nasdaq Helsinki.

As I currently hold 41 shares of Sampo Group, this would mean that I will be receiving 41 shares of Mandatum once this demerger will be completed.

 

AT&T Warner Media spin-off

AT&T (NYSE:T) informed on Tuesday that it would spin-off its interested in WarnerMedia as part as its merger with Discovery (NASDAQ:DISCA), with the deal expected to close in the second-quarter.

As part of the spin-off, AT&T will get $43 billion in a combination of cash and other considerations, and AT&T shareholders will own 71% of the new company, Warner Bros. Discovery. Discovery shareholders will own the remaining 29% of the company on a fully diluted basis.

After the deal closes, each AT&T shareholder will receive 0.24 shares of the new Warner Bros. Discovery common stock for each AT&T share they own.

Warner Bros. Discovery will trade on the NASDAQ under "WBD" ticker symbol, with Discovery shareholders being converted to the WBD ticker, with one vote per share. AT&T will remain on the New York Stock Exchange under the "T" ticker.

AT& will also decrease its annual dividend to $1.11 per share from current $2.08 per share after the spin-off has been completed. Technically it is a dividend decrease but in reality, part of the dividends will be paid in future by WBD. To be seen what is the level of WBD's dividends

 

Realty Income Corporation completes spin-off of Orion Office REIT

Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company^®, today announced it has completed the spin-off of substantially all of its office assets into a new independent, publicly traded REIT called Orion Office REIT Inc. ("Orion"). Orion is listed on the New York Stock Exchange ("NYSE") under the symbol "ONL." 

 Under the terms of the spin-off, Realty Income stockholders received one share of Orion common stock for every ten shares of Realty Income common stock held as of the record date of November 2, 2021. Realty Income common stockholders will receive cash in lieu of any fractional shares they would otherwise have been entitled to receive in the distribution.

Expecting to receive 5 shares of Orion Office REIT (ONL) soon...

Realty Income and Vereit merge to create a spin-off Orion Office REIT Inc.

Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company^®, and VEREIT, Inc. (NYSE: VER) ("VEREIT") today announced that they anticipate closing their previously announced merger on November 1, 2021. In addition, the Registration Statement on Form 10 associated with the previously announced plan to spin-off substantially all the office assets from Realty Income and VEREIT, filed under the newly created company Orion Office REIT Inc. (NYSE: ONL) ("Orion"), is effective as of today, October 22, 2021. Realty Income has declared November 2, 2021 as the record date for the spin-off and November 12, 2021 as the distribution date for the spin-off.

The dates set forth above may be delayed subject to satisfaction or waiver of the conditions to the merger and spin-off. The spin-off will be accomplished via a pro rata dividend of one share of Orion common stock for every ten shares of Realty Income common stock outstanding as of the record date for the spin-off. For purposes of the spin-off, the outstanding Realty Income common stock on the record date will include the shares of Realty Income common stock received by VEREIT common stockholders in connection with the consummation of the merger. Realty Income stockholders will receive cash in lieu of fractional shares in the spin-off.

Since I own 53 shares of Realty Income Corporation, I should be getting 5 shares of Orion Office REIT Inc. (NYSE: ONL) around 12th of November