Saint-Gobain receives antitrust approvals for Sika takeover
Published: Thursday, 10 December 2015
Saint-Gobain has been given pre-closing clearance from all the relevant anti-trust authorities regarding its takeover of construction chemicals business, Sika. However, both companies are embroiled in a dispute over voting rights, on which a decision is expected from the Swiss courts and may take years to resolve if appeals are made.
Saint-Gobain SA has received all the necessary antitrust
approvals required for a takeover of Swiss chemicals company,
The French company said in a statement that pre-closing
clearance has been granted and that no remedy has been
Antitrust approval follows unconditional approval from
Brazil’s competition authority CADE, in...