Danske Bank: Stora Enso forest spin-off could unlock value

Danske Bank argues that a listing of Stora Enso's Swedish forest assets (Bergslagets Skogar) would trade at a 15-50% discount to book value, versus the current market price which implies a much larger discount. This suggests the market undervalues the forest assets within the conglomerate, and a spin-off could create shareholder value. The claim is an analyst opinion, not a confirmed corporate action.