Inside information: European Commission closes its antitrust investigation in the wood pulp sector

UPM-Kymmene Corporation        Stock Exchange Release (Inside information)        15 June 2023 at 14:20 EEST

Inside information: European Commission closesitsantitrust investigation inthe wood pulp sector

European Commission has decided to close its antitrust investigation in the wood pulp sector. According to the Commission's release, it decided to close the investigation after a thorough analysis and careful assessment of all the evidence gathered.

The Commission carried out an unannounced inspection at UPM premises in October 2021. The Commission investigated possible violation of EU antitrust rules.

The news release by the Commission is attached to this release.

For further information please contact:
Juha Mäkelä, General Counsel, UPM, tel. +358 20 4150 407

UPM-Kymmene Corporation
Pirkko Harrela
Executive Vice President, Stakeholder Relations

UPM, Media Relations
Mon-Fri 9:00-16:00 EEST
tel. +358 40 588 3284
[email protected]

UPM
We deliver renewable and responsible solutions and innovate for a future beyond fossils across six business areas: UPM Fibres, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Communication Papers and UPM Plywood. As the industry leader in responsibility, we are committed to the UN Business Ambition for 1.5°C and the science-based targets to mitigate climate change. We employ 17,200 people worldwide and our annual sales are approximately EUR 11.7 billion. Our shares are listed on Nasdaq Helsinki Ltd. UPM Biofore – Beyond fossils. www.upm.com

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Attachment

• EC_Daily_News_2023-06-15