EU may probe Advent's $1bn deal for Cytec's coatings business

11 January 2013 19:19  [Source: ICIS news]

LONDON (ICIS)--The European Commission may review the proposed $1bn (€750m) acquisition of Cytec’s coating resins business by private equity firm Advent International, it said on Friday.

The commission said on preliminary investigation, the deal could fall within the scope of EU merger legislation.

However, the commission has not yet reached a final decision on this point and is calling on interested parties so submit their comments within 10 days, it said.

Advent and Cytec announced the deal in October.

($1 = €0.75)

By: Stefan Baumgarten
+1 713 525 2653

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