UPM interested in acquiring world's biggest pulp producer?
UPM-Kymmene has been mentioned as a potential bidder for the Brazilian Fibria, the world's biggest pulp producer. Foreign and domestic companies are interested in acquiring a controlling stake in Fibria, according to the Brazilian Valor Economico. Evli's analyst Markku Järvinen says that the transaction is extremely unlikely, even if UPM might be interested in Fibria in principle. Brazil's political risks are considerable and Fibria's price is high.
The article mentions that Fibria owns the joint venture Veracell together with Stora Enso.
Kauppalehti. FINLANDIA - 01 marzo 2018