The Sunday Times newspaper reported that the Finnish-Swedish producer is looking to make a bid for Mondi, which is to be floated on the London Stock Exchange by its parent company mining company Anglo American (AA).
Stora Enso's senior vice president for investor relations, Keith Russell, said the company remained committed to improving its profitability and cashflow.
"Officially the comment is no comment. We do not reply to specific acquisition rumours," said Russell.
AA announced plans to float Mondi at the beginning of this month, and an IPO is expected to happen in the next 12 months.
At the time, AA declined to rule out the possibility of finding a trade buyer for the paper and packaging manufacturing group.
Mondi has an estimated value of between 3bn-4.5bn
Have your say in the Printweek Poll
Related stories
Latest comments
"And here's me thinking they bought the Docklands Light Railway."
"15 x members? Why don't they throw their lot in with the Strategic Mailing Partnership (SMP) and get a louder voice?"
"Some forty plus years ago I was at a "sales" training seminar and got chatting to the trainer after the session had finished.
In that conversation he told me about another seminar he had..."
Up next...
Further breathing space
'Serious group' interested in Highcon, new deadline set
Automation welcomed
Colourbridge enhances efficiency with new Duplo multi-finisher
New business unit includes OpSec
