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EC Statement: Mergers - Commission approves acquisition of Ciba by BASF, subject to conditions

( March 12, 2009, 17:40 GMT | Official Statement) -- ****************************************The European Commission has cleared under the EU Merger Regulation the proposed acquisition of Ciba of Switzerland by BASF SE of Germany, both active in the chemicals industry. To remedy competition concerns the Commission had in relation to a number of specialty chemical products, used inter alia in the paper, dyestuffs, plastics and skin care sectors, BASF offered undertakings to divest activities in the sectors in question. In the light of these commitments, the Commission concluded that the proposed transaction would not significantly impede effective competition in the EEA or any substantial part of it....

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