CASE COMMENTS : MERGER CONTROL - PHASE II - ACQUISITION OF SOLE CONTROL - PAPER BUSINESS - PAPER FOR MAGAZINES AND PAPER FOR NEWSPAPERS - NO COORDINATED AND NON COORDINATED EFFECTS - UNCONDITIONAL CLEARANCE- MANUFACTURING
Phase II - No coordinated and non coordinated effects: The European Commission unconditionally cleared an acquisition in the paper sector after in-depth investigation (UPM, Myllykoski et Rhein Papier)
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Eur. Comm, 13 July 2011, UPM/Myllykoski and Rhein Papier, case COMP/M.6101
The paper industry continues its European consolidation. At issue in the present case was the proposed acquisition of 100 % of the Finnish Myllykoski Group (in fact, this group included a German company, Rhein Papier, which was managed by Myllykoski and controlled by the same shareholders as those who own Myllykoski), by the other Finnish papermaker UPM-Kymmene Corporation. A variety of already known products
The paper sector is not new to the Commission, which has already had occasion to look at the products offered on these markets (the Commission quotes, inter alia, its decision
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