UPM and Sappi have signed a non-binding letter of intent to form a graphic paper Joint Venture

UPM-Kymmene Corporation Stock Exchange Release December 4, 2025 at 11.45 EET

HELSINKI, Dec. 4, 2025 /PRNewswire/ -- UPM-Kymmene Corporation ("UPM") and Sappi Limited ("Sappi") have signed a non-binding letter of intent to form a graphic paper joint venture ("the Joint Venture"). The Joint Venture would include the entire UPM Communication Papers business and Sappi's graphic paper business in Europe. The Joint Venture would be owned 50/50 by UPM and Sappi. It would operate as an independent company, managing its own operations, resources, and decisions within agreed shareholder boundaries.