UPM could see its EUR 1.3bn useful for potential target - Kauppalehti
UPM, the Finnish paper and pulp company, could see its credit limit becoming useful if a potential target appears, according to Kauppalehti.
In an unsourced analysis about the company, the Finnish language piece wrote that UPM has unused credit limits and other assets worth EUR 1.3bn which could give the company room to manoeuvre when an attractive target appears.
The company’s Chief Executive Jussi Pesonen has said he is interested in growing its energy business in Nordic countries and in the hydro power sector. It reported sales of EUR 2.5bn in Q3 this year, the item noted.
Kauppalehti