Sappi, UPM Offer Remedies to Seek EU Approval for Paper JV
Sappi and UPM have offered remedies in a bid to secure EU antitrust approval for their paper joint venture.
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09:15:48 AM UTC
SquawkNews
Finland's UPM-Kymmene OMXHEX:UPM and South Africa-listed Sappi (SAP.J) on Thursday offered remedies in an effort to secure EU antitrust approval for their €1.42 billion ($1.6 billion) paper joint venture, the companies said on Thursday.The remedies 'include capacity optimisation for the supply of c…