THE EUROPEAN Commission is to open an in-depth investigation into the planned acquisition of the Austrian man-made fibres group Lenzing by the London-based multinational CVC Capital Partners Group. The latter company already controls Acordis, which produces man-made fibres for industrial, textile, medical and hygiene applications in Austria. An initial investigation by Brussels has identified a number of markets where the deal would raise "serious concerns." These include viscose staple fibres and lyocell, while concern is also expressed over ...

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