EU Says UPM-Sappi Deal Could Hurt Competition in Print Paper Market

yle

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The European Commission has preliminary doubts that the planned joint venture between UPM and Sappi would weaken competition in the publication paper market.

Bloomberg

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UPM-Kymmene Oyj and Sappi Ltd.’s €1.42 billion ($1.7 billion) planned combination of graphic paper assets is set to receive a formal warning from the European Union’s competition watchdog.

Haberler

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The European Commission has issued an objection, stating that the merger of UPM and Sappi in the graphic paper industry could restrict competition. The €1.42 billion joint venture risks price increases and quality decline.

Dagens industri

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The European Commission opposes a planned collaboration between Finnish paper giant UPM Kymmene and South African Sappi.

Tärkeimmät talousuutiset | Kauppalehti…

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arvopaperi.fi

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The news of the UPM-Sappi joint venture sparked speculation about the competition authority's views. Now, according to leaked information, EU decision-makers see problems with the deal.