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Image header Agence Europe
Europe Daily Bulletin No. 7750
Contents Publication in full By article 23 / 41
GENERAL NEWS / (eu) eu/competition

Commission approves, subject to certain conditions, acquisition of American Cyanamid by BASF

Brussels, 03/07/2000 (Agence Europe) - The European Commission has decided to approve the acquisition by the German group BASF of American Cyanamid (1999 turnover $1.67 billion), a phytosanitary subsidiary of American Home Products. The operation will give rise to the third largest phytosanitary company in the world. We recall that this acquisition, which also interested the Bayer, Dupont and Dow Chemical groups, was concluded in March this year for the sum of $3.8 billion in cash. The...

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