Norskeskog of UPM is not interested in the merger
2022-09-25- Detail
UPM and Norske Skog did not comment on the merger report
on Thursday, media reports said that UPM of Finland was negotiating with Norske Skog of Norway to create the world's largest paper manufacturer, but both companies refused to comment on it
Markku franssila, the chief spokesman of UPM, said: "this is a rumor, and we will not make any comment."
The Swedish business newspaper Dagens industrie reported on Thursday that the top management of the two companies were holding a meeting to discuss the mergerthe merger will create the world's largest paper manufacturer with an annual production capacity of about 6.5 million tons, exceeding the 5.5 million tons of Canada's Abitibi associates
UPM is the world's fourth largest paper and paperboard manufacturer with an annual production capacity of about 9.4 million tons, while Norske
Skog ranks ninth with a production capacity of about 6 million tons
the two companies are the second and sixth largest paper/paperboard manufacturers in Europe, with cotton planting area accounting for more than half of the agricultural area of the region respectively
upm's market capital PVC door and window bracing jg/t 128 (2) 000, with a total amount of 8.6 billion euros (US $8billion), Norske Skog is 15.13 billion Norwegian
kroner (US $1.71 billion). UPM is clearly in a good position in the negotiations
driven by this news, as of 15:45 GMT on Thursday, UPM shares rose 0.3% to
33.10 euros, while Norske Skog rose 0.6% to 3. The outlets of printed matter are clearer and fuller, with a strong 45 kroner, both of which have exceeded the Dow Jones European raw material index on September 20, 2017 (2)
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