The European Commission decided on Wednesday 15 January to clear Synthomer’s proposed acquisition of Omnova, both manufacturers of so-called ‘specialty’ chemicals. The authorisation is subject to the divestment of a remedy package.
Margrethe Vestager, Executive Vice President in charge of competition policy, stated that although these groups are the only two manufacturers of this type of latex in Europe, “we can approve their merger because the companies offered to divest all of...