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Image header Agence Europe
Europe Daily Bulletin No. 10748
ECONOMY - FINANCE - BUSINESS / (ae) competition

10/12/2012 (Agence Europe) - Detailed investigation into creation of NewCo. The European Commission has opened an in-depth investigation that will run until 29 April 2013 into the planned combination into a new merged entity of Munksjö AB, a Swedish-based manufacturer of high value-added paper products (controlled by Jersey-based investment fund EQT III) and the processing business of Ahlstrom Corporation (ALP) of Finland. The preliminary investigation indicated potential competition concerns in the markets of pre-impregnated paper (“PRIP”) and abrasive paper backings, where NewCo would have high market shares both in the European Economic Area (EEA) and worldwide. PRIP is used by the furniture business. (MB/transl.fl)

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