EUROPEAN COMMISSION CLEARS OXO TAKEOVER DEAL
February 1st, 2007
BY KEITH NUTHALL
THE EUROPEAN Commission has cleared the acquisition of German-American coatings, inks, lubricants and plasticisers producer Oxo from the USA's Celanese Corporation and Germany's Degussa AG, by American private equity fund Advent International Corporation. Brussels fast-tracked merger approval, considering it posed no risk to coatings competition within the European Union (EU).
THE EUROPEAN Commission has cleared the acquisition of German-American coatings, inks, lubricants and plasticisers producer Oxo from the USA's Celanese Corporation and Germany's Degussa AG, by American private equity fund Advent International Corporation. Brussels fast-tracked merger approval, considering it posed no risk to coatings competition within the European Union (EU).
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.