SOLUTIA DEAL
February 1st, 2003
BY KEITH NUTHALLTHE EUROPEAN Commission has cleared the proposed acquisition by Belgian pharmaceuticals and speciality chemicals firm UCB SA/NV of the resins, adhesives and additives businesses of US company Solutia Inc, following an investigation into the deal's potential for damaging competition in Europe. Brussels officials examined the overlap in the two company's operations in resins for powder coatings, used notably in construction and domestic appliances, and in resins for radiation curable coatings. The deal would make UCB the new market leader in Europe ...
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