FINLAND DEAL

BY KEITH NUTHALLCOMPETITION clearance has been granted by the European Commission to the planned deal involving Finnish paper manufacturer UPM-Kymmene Corporation acquiring Morgan Adhesives, a United States-based company making adhesive labels for manufacturers. Brussels concluded after an inquiry that the takeover would not damage competition in the European Union (EU) as US-based Avery Dennison would remain the market leader in Europe. Both UPM-Kymmene and Morgan Adhesives are already selling self-adhesive labels onto the EU market, through their respective ...


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