Source: EU Parliament
Mergers: Commission clears acquisition of Indukern by Ravago
The European Commission has approved, under the EU Merger Regulation, the acquisition of Indukern S.A. of Spain by Ravago Chemicals S.A. of Luxembourg, a wholly owned subsidiary of the Ravago Group. Indukern is active in the distribution of third-party speciality chemicals at a global level. The Ravago Group is active in the production and distribution of polymers and rubbers, and in the distribution of third-party chemicals at a global level. The Commission concluded that the proposed acquisition would raise no competition concerns given the companies’ limited combined market position resulting from the proposed transaction, in the distribution of third-party speciality chemicals globally. The transaction was examined under the simplified merger review procedure. More information is available on the Commission’s competition website, in the public case register under the case number M.10213.