GERMAN RESIN DEAL
April 1st, 2005
BY KEITH NUTHALLTHE EUROPEAN Commission has approved an acquisition involving two German companies manufacturing key coating ingredients phenolic and epoxy resins after they offered to increase competition in these sectors. Brussels was concerned that the merged company would be too dominant, maybe affecting prices, but Bakelite AG and the Apollo Group offered to licence certain phenolic resins technology to their customers, allowing them to sublicense it to an alternative supplier if they wanted. The deal involves Apollo's purchase of Bakelite and its effective ...
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