SAP: Sappi and UPM form a 50/50 joint venture to consolidate European graphic paper, targeting €100M in synergies
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A 50/50 joint venture between Sappi and UPM will combine their European graphic paper businesses to optimize assets, achieve €100 million in synergies, and reduce exposure to a declining market. The transaction targets debt reduction, improved profitability, and requires regulatory and shareholder approvals.
Based on Sappi Limited [SAP] Partnership Audio Transcript — Dec. 4 2025
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