Sika dismisses COMCO approval as irrelevant in Saint-Gobain takeover saga
Published: Wednesday, 16 September 2015
The Swiss Competition Commission has authorised Saint-Gobain to proceed with its proposed merger with Sika. However, the Swiss chemicals company said that the decision was expected and does not impact the key area of dispute in the long-running conflict, pertaining only to market competition.
The takeover of Swiss chemicals company
Sika AG by Saint-Gobain SA has been granted approval by the
Swiss Competition Commission (COMCO) in a decision Sika has
labelled irrelevant to the dispute.
A press release by the French construction giant welcomed
the decision, which it said "unconditionally authorised
Saint-Gobain's acquisition of control over...