# UPM-Sappi graphic paper JV enters EU Phase II review

The proposed joint venture between UPM and Sappi for graphic paper has moved into a Phase II merger investigation by the European Commission, opened on April 28, 2026.

- Type: Acquisition
- Announced: 2026-04-28
- Status: announced
- Products: graphic paper
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Sappi Limited](https://endata.com/companies/912.md) (partner)
- [UPM](https://endata.com/companies/5469.md) (partner)

## Sources

- [jotamachinery.com](https://www.jotamachinery.com/upm-sappi-graphic-paper-joint-venture/), 2026-04-30: "The proposed UPM and Sappi graphic paper joint venture has moved into a deeper regulatory review after the European Commission opened a Phase II merger investigation on April 28, 2026."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.