Sappi is trading 5.14% down now at ZAc 1402.00 after renewed concern over the European Commission’s objections to its planned UPM graphic-paper joint venture.
- Regulators warned the €1.42 billion transaction could restrict competition, potentially raising prices and reducing customer choice.
- Reuters reported Sappi called the objections a standard step and remained confident of a positive outcome.
- Broader risk-off sentiment, higher bond yields and geopolitical tensions may be adding pressure.