UPM won approval by the European Commission to buy Myllykoski Corporation and Rhein Papier GmbH. According to UPM, the deal includes Myllykoski’s seven publication paper mills in Germany, Finland and the United States with a total production capacity of 2.8 million tpy. The transaction was approved unconditionally after an in-depth investigation by the EU Commission confirmed that customers would still have sufficient alternative suppliers in publication papers and other relevant products.
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