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Sappi and UPM Propose to Create New Joint Venture Company
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Sappi and UPM Propose to Create New Joint Venture Company
The Joint Venture will bring together Sappi’s European Graphic Paper business with UPM’s Communication Papers business in Europe, the UK and the US. The parties intend to sign definitive agreements during the first half of calendar year 2026 and expect to close the proposed transaction by the end of calendar year 2026. Sappi and UPM will sell their respective businesses and assets to the newly formed Joint Venture with a combined enterprise valu…
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