UPM, Sappi to Form $1.7 Billion Graphic Papers Joint Venture

UPM-Kymmene Oyj and Sappi Ltd. plan to combine their graphic paper assets into a joint venture with an enterprise value of €1.42 billion ($1.7 billion).

By Kati Pohjanpalo · Bloomberg

UPM-Kymmene Oyj and Sappi Ltd. plan to combine their graphic paper assets into a joint venture with an enterprise value of €1.42 billion ($1.7 billion).