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Image header Agence Europe
Europe Daily Bulletin No. 10423
Contents Publication in full By article 31 / 34
GENERAL NEWS / (ae) eu/competition

20/07/2011 (Agence Europe) - Mergers: Rhône Capital/Triton/Evonik. On 19 July, the European Commission approved the proposed acquisition of the carbon black business of German chemicals company Evonik by the private equity firms Rhône Capital of the US and Triton, based in Jersey. It concluded that the transaction, of which it was notified on 14 June, would not affect competition on the carbon black market since neither Rhône Capital nor Triton has any ownership interests in any business that manufactures or sells carbon black, a substance used mainly in tyres and industrial rubber goods. A doubt remained over the indirect control of Triton over Rütgers, a supplier of carbon black oil which is the chemical intermediary product used to produce carbon black. (F.G./transl.rt)

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