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The European Commission extended its review of the €1.42 billion paper joint venture between UPM and Sappi to December 9, 2026, after receiving a request from the notifying party. The companies plan to propose remedies to address competition concerns.
“The European Commission has added 20 working days to its review of UPM and Sappi's €1.42 billion paper joint venture, pushing the decision deadline to 9 December.”flash24.org
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