Sappi and UPM Offer Production-Capacity Remedies for EU JV Approval
The companies offered to modify production capacities to secure EU antitrust approval for their €1.42 billion paper joint venture.
By Foo Yun Chee and Sudip Kar-GuptaFinland's UPM-Kymmene OMXHEX:UPM and South Africa-listed Sappi (SAP.J) said on Thursday they have offered to modify their production capacities as part of remedies aimed at securing EU antitrust approval for their €1.42 billion ($1.6 billion) paper joint venture.T…