EU clears Mexichem’s acquisition Wavin

EU clears Mexichem’s acquisition of Wavin

6:02 AM, 6th June 2012
EU clears Mexichem’s acquisition of Wavin

BRUSSELS, BELGIUM: The European Commission has cleared under the EU Merger Regulation the proposed acquisition of Wavin by Mexichem Soluciones Integrales. The Commission’s investigation confirmed that the proposed transaction would not raise competition concerns because the merged entity would continue to face sufficient competition.

The Commission examined the competitive effects of the proposed acquisition with regard to the vertical relationship between the supply of PVC and the supply of pipe systems, notably which uses PVC as an input. The Commission’s investigation showed that the proposed transaction would not significantly alter the market structure and that post transaction the merged entity would face competitive pressure from a number of credible competitors.

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