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Sika says MBCC deal’s Ukrainian, Russian review processes are on hold

By Andrew Boyce ( May 11, 2022, 10:40 GMT | Insight) -- Sika has put the Ukrainian and Russian approval processes for its acquisition of construction chemicals maker MBCC “on hold,” according to a spokesperson. Following the Russian invasion, the Ukrainian competition authority said companies could close their deals without waiting for its approval and would only face small fines if they followed the rules.Sika has put the Ukrainian and Russian approval processes for its acquisition of construction chemicals maker MBCC “on hold,” according to a spokesperson....

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