• Sappi received a European Commission Statement of Objections in its Phase 2 merger review of a proposed joint venture with UPM.
• The filing signals preliminary competition concerns, though it does not determine the final decision on the transaction.
• Both partners plan to submit responses to address the issues raised, targeting clearance by year-end.

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. Sappi Limited published the original content used to generate this news brief on August 26, 2026, and is solely responsible for the information contained therein.