Let’s clarify a bit:
In Sweden, Stora owns 1.2 million hectares of forest. The annual growth per hectare is approximately 5 m3. If we consider the price to be 60€ /m3, we arrive at the conclusion that Stora’s forests / the new company’s forests produce about 6 million cubic meters of wood per year, which is approximately 360,000 million €. The value of the forests has been hinted at 4.8 billion, from which an annual return of about 8% could be obtained. 60€ is not necessarily a long-term sustainable price; it’s perhaps more likely that we will see lower prices in the future.
Enso has 800 million shares. This means each share would receive a forest share worth approximately 6 euros. The range in which the correct price will be formed is a market decision. If the price ends up lower, the return rises above 8%, which doesn’t sound too bad in itself. What then remains as Enso’s actual profit? Enso has not been able to generate as good a return on capital as the forests that are now leaving the company.
The numbers used are indicative.