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.

© WOC News

0 Comments

Login

Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News


Brenntag acquires Petrolube, strengthens specialty additives

MULHEIM AN DER RUHR, GERMANY: Brenntag strengthens its distribution of specialty additives for the fuel and oil sector with the signing of an agreemen ...

Read more
Chemical firms join World Environment Day momentum

SINGAPORE: As part of 5th June, World Environment Day 2012 (WED), focussed on ‘Green Economy,’ some chemical firms have joined the global ...

Read more
Asahi Kasei establishes holding company in China

TOKYO, JAPAN/SHANGHAI, CHINA: Asahi Kasei established Asahi Kasei China Co Ltd as a foreign-invested holding company in Shanghai, China, with operat ...

Read more
Dr Markku Kulmala receives the Bayer Climate Award 2012

LEVERKUSEN, GERMANY: Dr Markku Kulmala, Professor, University of Helsinki received the Bayer Climate Award 2012 for his pioneering work in the field o ...

Read more
World Environment Day- focus on ‘Green Economy’

RIO DE JANEIRO, BRAZIL: World Environment Day is an annual event that is aimed at being the biggest and most widely celebrated global day for positive ...

Read more
BASF opens technical support lab in India

MANGALORE, INDIA: BASF Coatings India Pvt Ltd has set up a new coatings technical support lab at Mangalore, India. This new facility at Mangalore will ...

Read more