The EU Court of First Instance confirms the Commission’s decision to clear acquisition in the market for resins used for ink production (Apollo / Akzo Nobel IAR)

"The Court of First Instance confirms clearance of the Apollo / Akzo Nobel IAR merger"* On 29 May 2006 the European Commission approved the acquisition by Hexion Specialty Chemicals (“Hexion”, USA), owned by the investment fund Apollo, of Akzo Nobel’s Inks and Adhesive Resins business (“IAR”, the Netherlands). The transaction concerned in particular the market for resins used in the printing ink and adhesives industries. The market investigation showed that the main impact of the transaction was in the market for rosin resins used for ink production. However, the Commission considered that the transaction would not be likely to raise serious doubts as to its compatibility with the single market and the EEA Agreement and cleared the transaction. On 9 October 2006 three customers, Sun

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Enrique Sepulveda-Garcia, The EU Court of First Instance confirms the Commission’s decision to clear acquisition in the market for resins used for ink production (Apollo / Akzo Nobel IAR), 9 July 2007, e-Competitions Bulletin July 2007, Art. N° 35844

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