10 April 2013 23:26 [Source: ICIS news]
HOUSTON (ICIS)--US-based producer Ecolab has completed its acquisition of ?xml:namespace>
The total transaction value was about $2.3bn (€1.7bn), Ecolab said in a press release.
Ecolab had said earlier this week that it was awaiting approval by the federal government for the acquisition after the US Department of Justice’s (DOJ) antitrust division filed a civil lawsuit in district court to block the proposed deal.
But Ecolab reached a settlement with the antitrust regulators that requires the divestiture of Champion’s chemical-management services for deepwater oil and gas wells in the
The Champion deal was first announced in October.
($1 = €0.76)
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
Asian Chemical Connections