( July 17, 2026, 02:56 GMT | Official Statement) -- MLex Summary: UPM-Kymmene and Sappi have notified Australia's competition regulator of a proposed 50-50 joint venture that would combine their European and US communication paper businesses, which would include exports to Australia. The venture would produce and supply communication paper used in products such as magazines, newspapers, books and office paper. It would have limited activities in certain specialty paper products, the regulator said. UPM, based in Finland, and Sappi, based in South Africa, both supply imported communication paper to Australian customers but do not own or operate paper mills in Australia. The Australian Competition & Consumer Commission is reviewing the proposed transaction, with submissions due by July 23.Statement follows. Questionnaire attached. ...
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