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UPM-Kymmene, Versowood Secure Regulatory Approvals for Strategic Partnership

MT Newswires·01/02/2026 04:02:25
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04:02 AM EST, 01/02/2026 (MT Newswires) -- UPM-Kymmene (UPM.HE) and Versowood obtained all required regulatory approvals for their proposed strategic partnership, according to a Friday release. The partnership, which took effect on Dec. 31, 2025, involves Versowood supplying pulpwood and sawmill by-products to UPM to strengthen the Finnish forest products maker's wood supply for its pulp mill. In return, UPM will supply logs sourced through its own wood procurement to Versowood's sawmills. As part of the deal, UPM's Korkeakoski sawmill was transferred to Versowood, and UPM acquired a minority stake in Versowood.