Helsingin Sanomat has summarised the rise and fall of Finnish paper industry’s conquest of American and European paper companies. In the year 2000, the three companies Stora Enso, UPM and M-real were all very confident that their acqusitions were truly adding value to the owners. Ten years later, the truth is that it all was a gigantic loss of money.
See also another Helsingin Sanomat article on the same topic.
Bitter return to home
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