The EU Commission conditionally approves a proposed acquisition of an Italian chemicals company by a Belgian chemicals company (Solvay / Ausimont)

"Merger Control: Main developments between 1st January 2002 and 30th April 2002"* The Commission conditionally approved the proposed acquisition of the Italian chemicals company Ausimont SpA by Solvay SA of Belgium from Montedison SpA. Solvay has committed itself to sell a state of the art plant in Alabama, in the United States, which makes non-coatings PVDF, a high performance fluoropolymer, as well as Ausimont‘s stake in MedAvox, a joint venture with Degussa which produces a bleaching agent used in detergents. The undertakings offered by Solvay fully address the Commission’s competition concerns and cleared the way for

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Authors

  • DG Economic and Financial Affairs (ECFIN) (Brussels)
  • DG COMP (Brussels)
  • Financial Conduct Authority (London)

Quotation

Kay Parplies, Carina Joergensen, Neil Marshall, The EU Commission conditionally approves a proposed acquisition of an Italian chemicals company by a Belgian chemicals company (Solvay / Ausimont), 9 April 2002, e-Competitions Cooperation between National Competition Authorities, Art. N° 38954

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