The European Commission on Monday 7 December cleared the proposed acquisition of BASF Colors & Effects by DIC Corporation (‘DIC’). The approval is conditional on full compliance with a commitments package offered by DIC.
According to Margrethe Vestager, Executive Vice President responsible for Competition Policy, “the combination of DIC and BASF Colors & Effects risked depriving customers of high quality pigments. This merger is approved on the condition that the companies divest...