EU Regulatory process of UPM's Myllykoski transaction proceeds into the second phase

UPM-Kymmene Corporation   Stock exchange release  4 March 2011  at 19:00

EU Regulatory process of UPM’s Myllykoski transaction proceeds into the second phase

The Competition Directorate-General of the EU Commission has completed the first phase of the regulatory investigation into UPM’s acquisition of Myllykoski and Rhein Papier. In line with the parties’ expectations, the Commission has announced today that the investigation will proceed into the second phase.

Due to the year end, the filing of the case with the Commission took place slightly later than expected. Therefore the targeted time of the closing of the transaction is postponed to the third quarter of 2011.

UPM continues to work closely with the Commission in order to allow the Commission to complete its review as quickly as possible.

For further information, please contact Mr Petri Meurman, UPM, Senior Group Legal Counsel, tel +358 2041 50740 or +358 4050 65978.

UPM-Kymmene Corporation
Pirkko Harrela
Executive Vice President, Corporate Communications

UPM, Corporate Communications
Media Desk, tel. +358 40 588 3284
media@upm.com
 
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