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Image header Agence Europe
Europe Daily Bulletin No. 10623
Contents Publication in full By article 10 / 32
ECONOMY - FINANCE - BUSINESS / (ae) competition

Asahi glass' controlling stake in Interpane

Brussels, 30/05/2012 (Agence Europe) - On 29 May, the European Commission cleared the proposed acquisition of a controlling stake in Interpane International Glas GmbH (Germany) and Interpane Glass Holding AG (Switzerland), active in the production and processing of flat glass for the building and solar specialist industries, by AGC Glass Europe SA (Belgium), controlled by Asahi Glass Co., Ltd. (Japan). The current owner of Interpane, the Hesselbach family, will hold the remainder (also a controlling stake) through its holding company Helgejos Glass Holding AG. The Commission examined the competitive effects of the proposed acquisition in a number of glass markets, namely raw float glass, coated glass, laminated glass, sealed units, toughened glass, silvered glass, fire resistant glass, rolled and wired glass, and solar glass and concluded that the proposed transaction would not raise competition concerns because the merged entity would continue to face sufficient competition. (FG/transl.fl)

 

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