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Europe Daily Bulletin No. 12617

8 December 2020
Contents Publication in full By article 24 / 36
ECONOMY - FINANCE - BUSINESS / Competition
European Commission clears acquisition of BASF Colors & Effects by DIC subject to conditions
Brussels, 07/12/2020 (Agence Europe)

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...

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