03 October 2012 17:43 [Source: ICIS news]
LONDON (ICIS)--The European Commission will investigate the proposed $4.9bn (€3.8bn) acquisition of DuPont’s performance coatings business by ?xml:namespace>
DuPont and Carlyle announced the deal in August.
The Commission said that on a preliminary investigation the deal may fall under the EU’s simplified merger rules.
However, it called on interested parties to submit their comments within 10 days.
The Commission said Carlyle proposes to acquire the business via a Bermuda-based vehicle, Flash Bermuda Co. Ltd.
($1 = €0.77)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections