The Spanish Competition Authority clears national chemicals company’ acquisition of paint and coating manufacturer with remedies (Pigments / Ferro)

The CNMC clears Pigments' acquisition of Ferro with remedies* The merger affects the ceramic tile sector, which has a long tradition in Spain and is a significant international economic activity.Before approving the purchase, the CNMC conducted a market test and paid special attention to the effect of the operation on innovation, a key element in this industry.The companies will have to comply with a series of remedies that affect the decisions involving their R&D projects, which they will have to report on to the CNMC every six months.They will also need authorisation from the Commission to cancel projects of this type that affect the resulting company after the operation. The CNMC has agreed to clear the acquisition by Pigments Spain, S.L.

Access to this article is restricted to subscribers

Already Subscribed? Sign-in

Access to this article is restricted to subscribers.

Read one article for free

Sign-up to read this article for free and discover our services.