• UPM signed a definitive agreement with Sappi to form a joint venture in graphic paper.
• Transaction marks a major portfolio shift as UPM reshapes away from more cyclical assets.
• EU merger review moved to Phase II; final decision expected by end-2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. UPM-Kymmene Oyj published the original content used to generate this news brief via Cision (Ref. ID: 20260723:BIT:1200:0) on July 23, 2026, and is solely responsible for the information contained therein.