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Market Impact: 0.35
Inside information: European Commission has restated its serious concerns about planned graphic paper Joint Venture; UPM and Sappi continue to address these concerns
Source: PR Newswire
Antitrust & CompetitionRegulation & LegislationM&A & Restructuring
UPM-Kymmene said UPM and Sappi received a Letter of Facts from the European Commission, which stated it continues to have serious concerns about a proposed transaction. The supplied article text cuts off after “proposed graphic,” so the transaction details and any outcome are not available.
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