UPM-Sappi paper deal draws tough and traditional EU concerns
By Andrew Boyce ( April 29, 2026, 15:06 GMT | Comment) -- An in-depth EU investigation into UPM’s joint venture with Sappi has thrown the book at the deal, voicing a host of concerns about how the tie-up would combine the two largest graphic paper manufacturers in Europe. While the European Commission said it would assess benefits the companies claim the deal would bring for the environment and the industry, its announcement may still disappoint the paper giants in how it made no mention of how the industry was in flux.An in-depth EU investigation into UPM’s joint venture with Sappi has thrown the book at the deal, voicing a host of concerns about how the tie-up would combine the two largest graphic-paper manufacturers in Europe....
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