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| EC Allows the Apollo Group to Acquire Akzo Nobel's Business The European Commission has cleared under the EU Merger Regulation the proposed acquisition of the inks and adhesive resins business of Akzo Nobel of The Netherlands by the US undertaking Hexion, controlled by the Apollo Group. The main impact of the transaction is on resins used for the printing ink industry, and in particular on rosin resins. However, the Commission's investigation revealed that, despite the considerable market shares of the merged entity in the rosin resins market, the market structure would remain competitive even after the proposed transaction. In particular, a number of effective competitors, which have sufficient spare capacity, will remain in the market. The Commission's investigation also showed that the combination of Hexion's and IAR's activities is not likely to create competition concerns with respect to the other activities in which the parties are both active, i.e. hybrid resins, alkyd resins and acrylic dispersions. write your comments about the article :: © 2006 Construction News :: home page |