UPM Raflatac Europe > ... > ... > ... > US Department of Justice intends to block UPM-Kymmene's MACtac acquisition and inititates investigation into competitive practices

US Department of Justice intends to block UPM-Kymmene's MACtac acquisition and inititates investigation into competitive practices

15.4.2003

The US Department of Justice Antitrust Division has informed UPM-Kymmene Corporation that it intends to file a civil antitrust lawsuit to block UPM-Kymmene's acquisition of MACtac.

At the same time it has opened a criminal investigation into competitive practices in the labelstock industry. The decisions came as surprises to UPM-Kymmene and the company expects to receive the details for the decisions and will reconsider the situation.


For further information please contact:
Mr Pentti Kallio,
President of Raflatac Group,
tel. +358 204 15 0015


Mr Olavi Kauppila,
Senior Vice President,
Investor Relations,
UPM-Kymmene,
tel. +358 204 15 0658


 


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