The European Commission has issued a Statement of Objections to UPM-Kymmene Corporation and Sappi Limited regarding their proposed joint venture, citing potential competition restrictions in communication paper markets. The Commission warned that the merger could create an EEA market leader by combining UPM’s European and U.S. communication paper operations with Sappi’s European and部分 specialty paper activities. This could enable the joint venture to raise prices and limit customer choices, particularly in magazine paper and coated wood free paper markets. The investigation, opened on 28 April 2026, found insufficient evidence that the merger would deliver significant cost or environmental benefits to offset competitive harm. UPM and Sappi may now respond to the objections and request an oral hearing before the Commission’s final decision by 11 November 2026.
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