Sika’s Acquisition of MBCC Cleared by the EU With Conditions

Sika AG’s CHF5.5 billion purchase of MBCC Group was cleared by the EU, subject to it selling MBCC’s global chemical admixture business.

• The cos. are involved in the development and supply of chemical admixtures and construction materials
• “Following the remedies offered by Sika, customers in Europe will continue to have a competitive choice of chemical admixtures suppliers”: Margrethe Vestager, EU antitrust chief
• NOTE (Jan. 16): British Billionaire Ratcliffe’s Ineos to Buy Sika Assets

To contact the reporter on this story:
Jeremy Hodges in London at jhodges17@bloomberg.net

To contact the editors responsible for this story:
Angela Moon at hmoon43@bloomberg.net ...