Division (18)

Low-value cores. The transaction gives rise to concerns on the market comprising Norway-Sweden (Ahlstrom: [40-50 %] *, Sonoco: [10-20 %] *) and on the possible national market of Norway (Ahlstrom: [30-40 %] *, Sonoco: [40-50 %] *). The gap between the smaller players and the larger ones is already significant and will increase significantly due to the merger. The market investigation identified concerns of rising prices in these markets due to the merger.