# Stora Enso and Packages Ltd. complete Bulleh Shah Packaging joint venture in Pakistan

Stora Enso and Packages Ltd. completed the joint venture Bulleh Shah Packaging (Private) Limited, in which Stora Enso holds a 35% stake for about USD 39 million cash. The venture supplies packaging and paperboard products in Pakistan.

- Type: Acquisition
- Announced: 2020-04-09
- Where: Pakistan
- Value: $39.0M
- Status: completed
- Products: packaging products, paperboard
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Stora Enso](https://endata.com/companies/332.md) (investor)
- [Packages Limited](https://endata.com/companies/1016.md) (partner)

## Sources

- [manufacturing-journal.net](https://www.manufacturing-journal.net/press-release/2258-stora-enso-and-packages-ltd-complete-joint-venture-agreement), 2020-04-09: "Stora Enso's initial shareholding is 35% with a commitment to increase the shareholding at the agreed value to 50% at a later stage subject to certain conditions being met."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.