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Sika's MBCC acquisition cleared in Australia, subject to remedies

By Laurel Henning ( April 20, 2023, 01:46 GMT | Insight) -- Chemical-admixture company Sika’s plans to acquire MBCC Group have cleared a key regulatory hurdle in Australia, after the country’s antitrust regulator said that it wouldn’t oppose the merger, subject to a court-enforceable undertaking. Under the remedy offer, Sika must divest MBCC Group’s entire business in Australia and New Zealand, including its subsidiary, Bluey Technologies.Chemical-admixture company Sika’s plans to acquire MBCC Group have cleared a key regulatory hurdle in Australia, after the country’s antitrust regulator said that it wouldn’t oppose the merger, subject to a court-enforceable undertaking....

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