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Sappi boss sees EU regulator looking beyond market shares in UPM deal

By Andrew Boyce ( December 4, 2025, 15:35 GMT | Insight) -- UPM-Kymmene and Sappi have a “strong case” for EU approval of their plan to merge their graphic paper businesses despite together accounting for 55 percent of supply in Europe, Sappi's chief executive has told investors. Steve Binnie said he believed the European Commission would look beyond market shares to see the bigger picture, which was an “industry that is in decline” and facing increased competition from imports.UPM-Kymmene and Sappi have a “strong case” for EU approval of their plan to merge their graphic paper businesses despite together accounting for 55 percent of supply in Europe, Sappi's chief executive said....

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