Press Release: Mergers: Commission clears joint venture, between UPM-Kymmene RUS Holdings Oy and B.R.I.S.T. Limited, in the Vologda region of Russia

The European Commission cleared under the EU Merger Regulation the proposed creation by Finnish UPM-Kymmene Corporation (UPM) and B.R.I.S.T. Limited of Malta (BRIST), of a new joint venture operation, in which each will have a 50% equity interest. The joint venture is to produce sawn timber, OSB and pulp in the Vologda region of Russia, as of 2010 – 2012.