The Commission has sent a Statement of Objections (“SO”) to Ahlstrom Corporation (“Ahlstrom”) and Munksjö Oyj, both of Finland, and Munksjö AB (“Munksjö”) of Sweden. In October 2012, Ahlstrom and Munksjö, both producers of specialty papers, notified a transaction whereby the label and processing business of Ahlstrom and Munksjö AB were to be transferred to a new company, which was later renamed Munksjö Oyj. In December 2012, the Commission opened an in-depth investigation into the proposed transaction. The market investigation confirmed that the transaction would have brought together the only two manufacturers of heavy weight abrasive paper backings in the EEA and the two leading players in the global market with a market share of over 80%. In January 2013, the companies supplied internal documents indicating that they estimate the size of the markets for abrasive paper backings and the heavy-weight sub-segment, both with regard to sales in the European Economic Area (“EEA”) and on a worldwide level, to be significantly lower and, consequently, their own market share significantly higher than what they had stated in the notification. The Commission takes the preliminary view, that the parties provided misleading information with regard to the market for abrasive paper backings. Such behavior, if established, would be in breach of the companies' obligation to include their true best estimates of the markets in question in the notification and could result in a fine of up to 1% of turnover. In its final decision of May 2013, the Commission made the approval of the transaction conditional upon the divestment of Ahlstrom's abrasive paper backings business located at Osnabrück, Germany. The ongoing procedure against Munksjö and Ahlstrom for providing misleading information in the notification has no impact on the Commission's May 2013 decision, since the Commission did not base its decision on this allegedly incorrect information. Source:Commission Press Release 25/02/2014