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Waiver of BASF-Solvay merger commitments published by EU

( February 19, 2025, 14:13 GMT | Official Statement) -- MLex Summary: BASF has seen the European Commission publish a public version of a February 2024 decision to partially waive commitments imposed on the German chemicals company’s acquisition of Solvay’s nylon business. It said exceptional circumstances meant a long-term commitment to supply ADN, an essential input in the nylon value chain, to Domo Chemicals was no longer necessary to preserve competition. The regulator said the market had changed in ways that were not foreseen when the deal was approved in January 2019. The decision is attached. The case file number is M.8674....

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