UPM-Kymmene Oyj (HLSE:UPM) agreed to acquire AMC AG for €150 million on May 27, 2022. As of September 2, 2022, UPM-Kymmene has received clearance from the Lithuanian Competition Council to buy AMC AG. UPM plans to close the transaction, whose value is not being disclosed, in the third quarter of this year.

Freshfields Bruckhaus Deringer is advising UPM-Kymmene Corporation. The multi-jurisdictional Freshfields-Team is led by Partner Patrick Cichy together with Counsel Mirko Masek and Associate Johannes W. Schiele