Stora Enso Receives Approval for Junnikkala Acquisition
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FCCA approves the acquisition of Junnikkala by Stora Enso
FCCA approves the acquisition of Junnikkala by Stora Enso
On Monday, the Finnish Competition and Consumer Authority (FCCA) announced that it has approved Stora Enso’s acquisition of Junnikkala, a Finnish producer of sawn timber and processed wood products for domestic and export markets.
In October 2024, Stora Enso announced its intention to acquire the entire share capital of the company. Junnikkala operates three sawmills located in Kalajoki, Oulu, and Oulainen.
The FCCA examined how the acquisition would impact the log procurement markets in the procurement areas of Stora Enso’s Veitsiluoto sawmill and Junnikkala’s Oulu sawmill. The combined market share of the parties remains moderate after the acquisition, and there will continue to be several competing wood buyers in the area, the FCAA ruled.
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