Miner Company
UPM, Sappi paper joint venture may lead to price hikes, EU regulators warn
A proposed paper joint venture between Finnish forestry group UPM-Kymmene and South African-listed wood fibre producer Sappi may reduce competition and lead to price hikes, EU antitrust regulators warned on Tuesday as they opened an investigation into the deal.
A proposed paper joint venture between Finnish forestry group UPM-Kymmene and South African-listed wood fibre producer Sappi may reduce competition and lead to price hikes, EU antitrust regulators warned on Tuesday as they opened an investigation into the deal.