EU Commission Reiterates Concerns Over UPM-Sappi Paper JV
Helsinki – October 05, 2026 -- UPM-Kymmene Corporation and Sappi have received a Letter of Facts from the European Commission restating serious concerns about their proposed graphic paper Joint Venture, the companies disclosed as inside information on October 5, 2026.
Commission maintains objections despite ongoing talks
UPM and Sappi are analyzing the Letter of Facts and preparing a formal response. UPM said it disagrees with the Commission's preliminary assessment and will continue engaging with the review process, while planning to submit remedy proposals that fall short of divestments, citing the transaction's underlying rationale.