Brussels, 01/07/2008 (Agence Europe) - On Tuesday 1 July 2008, the European Commission cleared the proposed acquisition of Huntsman Corporation by Hexion Specialty Chemicals Inc., both US-based chemical manufacturers. The Commission's decision is conditional upon Hexion's commitment to divest epoxy production and R&D facilities in Germany and in the US.
The activities of Hexion and Huntsman overlap at all three levels of the epoxy value chain (production of inputs, components and formulated...