✉news WorldEU Politics first seen 4 d ago, last 4 d ago, peak #32
UPM and Sappi Get EU Extension in €1.42 Billion Paper Deal Review
Original: UPM, Sappi Secure EU Extension in €1.42 Billion Paper Deal Review
Finnish pulp and paper group UPM and Belgian papermaker Sappi have secured an extension from the European Commission in the review of their €1.42 billion paper deal, as reported by PYMNTS. The extension gives EU antitrust regulators more time to assess whether the transaction would reduce competition in the European paper market. Companies and investors are watching closely for the Commission's next decision on the deal.
Why now: EU antitrust scrutiny of a major paper industry consolidation directly affects the companies' shareholders and the European paper market.
Evidence
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