08 January 2009 15:35 [Source: ICIS news]
The Commission said the transaction would "not significantly impede effective competition within the European Economic Area (EEA) or a substantial part of it".
Both companies produce and sell biodiesel and glycerine, a biodiesel by-product sold in a refined form to pharmaceuticals and cosmetics companies.
However, the Commission concluded that the merged entity would continue to face strong competition from numerous oleochemical companies and would be unable to close off competing refined glycerine manufacturers' access to crude glycerine supplies.
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