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UPM, Sappi file graphic paper tie-up for EU approval

By Andrew Boyce ( March 20, 2026, 10:16 GMT | Insight) -- UPM and Sappi have filed their plans to merge their graphic paper businesses in a €1.42 billion joint venture for EU approval. The European Commission has set an April 28 deadline to decide on the deal, which is likely to be a test of how the EU regulator views resilience arguments in merger reviews.UPM and Sappi have filed their plans to merge their graphic paper businesses in a €1.42 billion ($1.64 billion) joint venture for EU approval....

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