South Africa’s Sappi offers concessions to save $1.6 billion transatlantic merger that would fold UPM’s US paper business into Europe’s largest producer

Business Insider AfricaAyodeji Adegboyega · 7 November 2026 at 11:07

South African paper and packaging group Sappi has offered concessions to European regulators as it attempts to save a €1.42 billion ($1.6 billion) transatlantic combination with Finland’s UPM-Kymmene.

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