# European Commission extends review of UPM-Sappi paper joint venture

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.

- Type: Acquisition
- Announced: 2026-11-06
- Where: Brussels, Belgium
- Value: $1.54B (1.42B EUR)
- Status: announced
- Products: communication paper, coated mechanical paper, coated wood-free paper
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [UPM](https://endata.com/companies/5469.md)
- [Sappi Limited](https://endata.com/companies/912.md) (partner)
- [European Commission](https://endata.com/companies/3518.md) (partner)

## Sources

- [flash24.org](https://flash24.org/stories/european-commission-gave-upm-and-sappi-20-more-workin/), 2026-11-06: "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."

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