UK’s competition watchdog considers remedies for $5.1 bln Sika-MBCC merger
Oct 25 (Reuters) – UK’s competition watchdog said on Tuesday Swiss chemicals firm Sika AG (SIKA.S) and German based MBCC have proposed to sell MBCC’s chemical admixtures business in the UK, Europe and several other countries.
The Competition and Markets Authority, which had said the 4.5 billion pound ($5.08 billion) merger raises competition concerns in the UK, is now in the process of considering the remedies proposed by the companies.
Reporting by Sinchita Mitra in Bengaluru; Editing by Shailesh Kuber
Oct 25 (Reuters) – UK ‘s competition watchdog said on Tuesday Swiss chemicals firm Sika AG (SIKA.S) and German based MBCC have proposed to sell MBCC ‘s chemical admixtures business in the UK , Europe and several other countries .The Competition and Markets Authority, which had said the 4.5 billion pound ($5.08 billion) merger raises competition concerns in the UK , is now in the process of considering the remedies proposed by the companies.
