Sappi CEO says ‘confident’ UPM JV will be approved
By Nicholas Hirst ( September 15, 2026, 08:42 GMT | Insight) -- There is still a "strong case" for the joint venture between paper-makers Sappi and UPM despite EU objections, according to Sappi's CEO. Steve Binnie said he did not plan to discuss possible concessions to ease concerns at a hearing organized by the regulator on Tuesday. The CEO of South African paper-maker Sappi said he remains “confident” that its €1.4 billion ($1.6 billion) joint venture with Finnish rival UPM will be approved by EU regulators. ...
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