REG - Competition and Mkts - Merger Update : Lanxess/ EKC

LANXESS AGAnnouncement

08/06/2021 10:21

RNS Number : 7667A
  
Competition and Markets Authority
  
04 June 2021
  
 

Start of CMA Merger Investigation: The CMA is investigating the anticipated acquisition of Emerald Kalama Chemical LLC by Lanxess AG.
The Competition and Markets Authority (CMA) is considering whether it is or may be the case that this transaction, if carried into effect, will result in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if so, whether the creation of that situation may be expected to result in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services. 
The CMA announced the launch of its merger inquiry by notice to the Parties on 4 June 2021 and has a deadline of 30 July 2021 for its phase 1 decision.
 

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