BusinessAI imageEU Antitrust Regulators Likely to Block UPM-Sappi Merger
Finland's UPM-Kymmene and South Africa-listed Sappi face an EU antitrust veto on their proposed 142 billion to 166 billion paper joint venture. The companies declined to offer concessions to address competition concerns, sources familiar with the matter said. This move could halt the merger due to regulatory objections in the European Union.
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