Jump to Navigation

European Commission approve deal between UPM and Myllykoski

External Reference/Copyright
Issue date: 
July 14, 2011
Publisher Name: 
Timber Community
More like this
Timber Procurement


The European Commission has approved the deal in which the Finnish forestry company UPM buys competitor Myllykoski writes YLE. It was in December, UPM announced the deal, but the Commission was concerned that it would push up the price of newsprint.
The deal is worth about EUR 900 million and the goal is to strengthen UPM's profitability and cost efficiency. Myllykoski was deeply in debt before UPM took over.


Extpub | by Dr. Radut