EXPLOSIVES TAKEOVER DEAL EU APPROVAL
May 1st, 2006
STORIES BY KEITH NUTHALL
THE EUROPEAN Commission has approved the acquisition by Australia-based explosives and detonators business Orica Ltd of non-North American and Australian business owned by Norwegian competitor Dyno Nobel ASA. The positive ruling under Brussels' competition regulation powers follows Orica's pledge to sell subsidiary Orica Scandinavia Mining Services, which runs explosives services in Norway and Sweden. The Commission had been concerned that a merged company would have been overly dominant in mining and quarrying explosives for these two ...
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