“According to the legal process, the Aigrefeuille conditional offer will now be submitted to employee information and consultation. We expect to finalize the process by mid-September”, says Anssi Klinga, Senior Vice President, UPM Timber.

“As for UPM Docelles mill, UPM has been conducting an active search for a buyer which could offer a credible future for the mill. Unfortunately the general economic climate in Europe is not favouring our process and it is very challenging to attract investors to new initiatives”, says Jyrki Ovaska, President of the UPM Paper Business Group.