EU INK RESIN COMMERCIAL DEAL APPROVAL AKZO NOBEL APOLLO GROUP NETEHRLANDS USA
June 1st, 2006
BY KEITH NUTHALL
THE EUROPEAN Commission has approved the proposed acquisition of the inks and adhesive resins business of Dutch company Akzo Nobel by the USA's Hexion, part of the Apollo Group. This follows a Commission inquiry focusing on potential damage to competition in supplies of printing ink industry resins, especially rosin resins. However, Brussels concluded: "Despite the considerable market shares of the merged entity in the rosin resins market, the market structure would remain competitive even after the proposed transaction". In ...
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