Brussels, 21/11/2001 (Agence Europe) - Following a thorough investigation, the European Commission has granted regulatory approval to the proposed takeover of Haindl, a German paper company, by Finland's UPM-Kymmene and the subsequent sale of two of the Haindl mills to Norwegian paper manufacturer Norske Skog.
The Commission's initial concerns were that the companies would collude tacitly to limit investments in new capacities and/or to restrict production levels though temporary closure of...