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Archroma's $718 million acquisition of Textile Effects approved by Indian antitrust watchdog

( February 10, 2023, 01:08 GMT | Official Statement) -- MLex Summary: The sale of Huntsman International's Textile Effects division to Swiss peer Archroma for an enterprise value of $718 million was approved by the Indian antitrust watchdog on Thursday. This is the one of the six M&A deals cleared by the Competition Commission of India by invoking the doctrine of necessity for want of the requisite three-member quorum. India was the last jurisdiction to grant approval to the global deal. The merger application was filed by the parties with the CCI in September prior to the retirement of the former CCI chairman.The statement from the Competition Commission of India follows:...

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