Sappi Limited (SPPJY) Discusses Proposed Joint Venture to Combine European Graphic Paper Businesses Transcript

Core Viewpoint - The proposed joint venture between Sappi and UPM aims to combine their European Graphic Paper businesses, with both companies owning 50% of the new entity, which will operate independently and is expected to generate significant synergies [3]. Group 1: Joint Venture Details - Sappi and UPM have signed a non-binding letter of intent to create a joint venture that will merge their graphic paper operations in Europe [3]. - The joint venture will consist of Sappi's 4 mills and UPM's 8 mills, creating a complementary portfolio [3]. - The venture is projected to achieve at least EUR 100 million in synergies through cost savings [3].