UPM-Kymmene/Sappi: EU to Push for Block at Hearing as Paper Deal Tests Merger Shift, Sources Say

The European Commission will outline its case for blocking Finland’s UPM-Kymmene’s (HEL: UPM) €1.42 billion proposed joint venture with South Africa’s Sappi (JSE: SAP) at a confidential hearing later this month, based on concerns that it will lead to too much market concentration, higher prices and less innovation, people with close knowledge of the probe […]

Published on Sep 04, 2026

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