Press Release: Mergers: Commission approves acquisition of Finnish paper company Myllykoski Group by UPM-Kymmene

The European Commission has cleared under the EU Merger Regulation the proposed acquisition of Myllykoski Corporation and Rhein Papier GmbH ("the Myllykoski Group") by UPM-Kymmene Corporation ("UPM"). Both groups are active in the paper and pulp industries. The Commission's in-depth investigation confirmed that the merged entity would continue to face competition from a number of other strong competitors and that customers would still have sufficient alternative suppliers in all markets concerned.