Commission sends Statement of Objections over proposed joint venture between UPM and Sappi
What happened
The European Commission has told UPM-Kymmene Corporation ('UPM') and Sappi Limited ('Sappi') of its "preliminary view" that their proposed joint venture "may restrict competition." This potential restriction is in the "markets for different types of communication paper," which is used for items like magazines or books. This action was announced on August 26, 2026.
Why it matters
If the joint venture proceeds as is, competition for communication paper could decrease, potentially leading to higher prices or fewer choices for businesses that print magazines and books. This could ultimately impact the cost and availability of printed materials for consumers.
Who it affects
- ›UPM-Kymmene Corporation ('UPM')
- ›Sappi Limited ('Sappi')
- ›Businesses using communication paper
- ›Publishers of magazines and books
- ›Consumers of printed materials
The receipts are official. The summary is ours.
Read on European Commission ↗Summaries are generated from the official text and may simplify or omit nuance. The official document is the source of truth.