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Reichhold gains conditional EU approval for Polynt buy
2017年5月12日 / 下午2点04分 / 4 个月前

Reichhold gains conditional EU approval for Polynt buy

BRUSSELS, May 12 (Reuters) - U.S. chemicals group Reichhold secured EU antitrust approval on Friday for its proposed buy of Italian polymers maker Polynt after pledging to divest a facility in France to U.S. company Ashland Global Holdings.

Reichhold, owned by a group of investors including Black Diamond Capital, had announced the asset sale last month. The plant, located in Etain in north-east France, is Reichhold’s largest unsaturated polyester resin plant.

The European Commission said the asset sale addressed its concerns about the competitive impact of the deal.

Polynt is a leading European producer of resins which are principally used in the transportation and construction industries. (Reporting by Foo Yun Chee; editing by Robert-Jan Bartunek)

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