UPM Signs Agreement on the Sale of Assets of UPM Stracel in France:
UPM has signed an agreement on the sale of assets and part of the land of the UPM Stracel paper mill site with Blue Paper SAS, the joint venture company of VPK Packaging Group NV and Klingele Papierwerke.
The transaction is expected to be closed during March 2013 once all legal and administrative conditions will be fulfilled.
UPM stopped the production of coated magazine paper on the mill on 4th January 2013.
