Brussels, 17/10/2001 (Agence Europe) - On Wednesday, the Commission decided to prohibit the planned acquisition by CVC Capital Partners Group Ltd (CVC) of Lenzing AG, an Austrian man-made fibres manufacturer. CVC already controls Accordis, Lenzing's main rival in Europe and only rival in the United States.
The acquisition would have led to very serious competition concerns in the viscose staple fibre market, where Lenzing is the leading supplier in the European Economic Areas (EEA), as well...