On Tuesday 26 June, the European Commission decided to open an in-depth investigation into the planned acquisition by BASF of the 'nylon' activities of Solvay at international level, as it has concerns that the transaction will reduce competition in the supply of inputs, key elements in the production of nylon.
The companies, which are active in the manufacturer of nylon compounds and fibres, notified the Commission of the planned transaction on 22 May of this year. Solvay is currently the...