UPM said that it is engaged in discussions with Finnish publication paper company Myllykoski Group concerning a potential transaction of Myllykoski’s operations in Finland, Germany and United States. Details of the discussions were not disclosed. Myllykoski did, however, say that it has been in negotiations with its financiers on its debt and that it has been engaged in negotiations with various partners regarding structural arrangements. Myllykoski confirmed that negotiations with UPM are ongoing, but would not comment further.
In a written statement, UPM said current discussions continue and a number of significant issues remain unresolved. According to the information obtained by Kauppalehti, UPM is the potential future owner of Myllykoski and its German alliance partner company Rhein Papier GmbH.