UPM in talks over publication mills deal

Sep 28, 2010 at 03:58 am by Staff


UPM has confirmed that it is engaged in discussions with Finnish publication paper company Myllykoski Group about a deal over its operations in Finland, Germany and the USA. The company says discussions are continuing but a number of significant issues remain unresolved. Therefore, there can be no certainty that the discussions between UPM, Myllykoski and its lenders will result in a transaction. UPM says it will announce the result of the discussion "if a conclusion is reached where public disclosure is appropriate under applicable laws", or if the discussions are terminated. UPM says it will not comment on the negotiations in any further detail.
Sections: Print business