• UPM is pressing ahead with a planned graphic paper joint venture with Sappi despite renewed European Commission competition concerns.
• The Commission sent a Letter of Facts, restating serious issues with the transaction; the partners are preparing a response.
• UPM plans remedy proposals to address concerns, steering away from divestments.
• Most merger clearances are already in hand, including China, South Africa, and the U.S.
• A final EU decision is expected by year-end or shortly thereafter; the venture would start operating on closing.

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: 202610050430BITN____UKPR__EN_20261005-BIT-9000-0) on October 05, 2026, and is solely responsible for the information contained therein.