| Author (Corporate) | European Commission: DG Competition |
|---|---|
| Publication Date | 2018-2019 |
| Content Type | Overview |
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Summary: In-depth investigation conducted by the European Commission over the proposed acquisition of Solvay's global nylon business by BASF. This follows concerns that the merger could reduce competition in the supply of key inputs in the nylon production chain. Further information: The proposed transaction involves Solvay and BASF, two companies active in the nylon industry, where both manufacture nylon compounds and nylon fibres. The transaction was notified to the Commission on 22 May 2018. On 18 January, the Commission approved the acquisition under the EU Merger Regulation. However, the endorsement was conditional on the devistiture of a remedy package. |
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| Source Link | Link to Main Source http://ec.europa.eu/competition/elojade/isef/case_details.cfm?proc_code=2_M_8674 |
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| Subject Categories | Business and Industry, Internal Markets |
| Subject Tags | Competition Law | Policy |
| Keywords | Mergers and Acquisitions |
| International Organisations | European Union [EU] |
