EU clears Mexichem’s takeover of Dutch plastic pipe maker Wavin

05 June 2012 13:59  [Source: ICIS news]

LONDON (ICIS)--The European Commission has cleared Mexichem’s €531m ($664m) acquisition of Dutch plastics pipe firm Wavin, it said on Tuesday.

The deal did not raise not raise competition concerns because the merged Mexichem-Wavin entity will continue to face sufficient competition, the commission said.

Mexichem and Wavin had agreed the deal in February.

($1 = €0.80)

By: Stefan Baumgarten
+1 713 525 2653

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