HAINDL TAKEOVER
November 1st, 2001
BY KEITH NUTHALL
THE EUROPEAN Commission has approved the proposed take-over of Haindl, a German family-owned paper company, by Finland's UPM-Kymmene and the subsequent sale of two of the Haindl mills to Norwegian paper manufacturer Norske Skog. Brussels concluded following an inquiry that the deal would not erode effective competition in European Union paper markets, notably in those for newsprint and wood-containing magazine paper.
THE EUROPEAN Commission has approved the proposed take-over of Haindl, a German family-owned paper company, by Finland's UPM-Kymmene and the subsequent sale of two of the Haindl mills to Norwegian paper manufacturer Norske Skog. Brussels concluded following an inquiry that the deal would not erode effective competition in European Union paper markets, notably in those for newsprint and wood-containing magazine paper.
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