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New EU merger approach's pro-scale promise faces early test with upcoming deals

By Andrew Boyce and Nicholas Hirst ( September 3, 2026, 05:27 GMT | Comment) -- A string of transactions is set to test EU policymakers' claims that the bloc's new merger guidelines will aid dealmaking and help foster European companies with sufficient scale to invest in innovation, compete with big US and Chinese rivals and contribute to Europe's security. The pipeline includes UPM's Sappi combination, the Project Bromo joint venture by Airbus, Leonardo and Thales, and Kone's TK Elevator acquisition.UPM's Sappi combination; the Project Bromo JV by Airbus, Leonardo and Thales; Kone's TK Elevator acquisition....

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