Tuesday October 26, 2021
UPM suspected of EU antitrust rules violation
Published : 12 Oct 2021, 20:28
European Commission’s competition authorities suspected the Finnish forest industry company UPM of violating EU antitrust rules that prohibit cartels and restrictive business practices.
The competition authorities of the EC on Tuesday started an unannounced inspection at UPM’s premises, said the UPM in a press release.
The EC is conducting unannounced inspections in locations in several Member States at the premises of companies active in the wood pulp sector, said the EC in a press release on Tuesday.
The Commission has concerns that the inspected companies may have violated EU antitrust rules
that prohibit cartels and restrictive business practices. The Commission officials were accompanied by their counterparts from the relevant national competition authorities.
Unannounced inspections are a preliminary step in an investigation into suspected anticompetitive
Practices, said the EC, adding that such inspection does not mean that the companies are guilty of anti-competitive behaviour nor does it prejudge the outcome of the investigation itself.
At this stage, UPM does not have information on the outcome of the inspection.
UPM supports the Commission in its investigation but cannot comment any further on the ongoing investigation.