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Decision to waive BASF commitment over Solvay merger published by EU

( January 23, 2026, 16:17 GMT | Official Statement) -- MLex Summary: BASF secured EU approval to reacquire certain chemical production assets that it had to divest to address competition concerns in 2019 about its purchase of Solvay's nylon business, according to a May 2025 decision now published. BASF argued that the market for adipic acid had changed since the European Commission required the divestment, pointing to the energy price increases that made European production less competitive, and imports from other regions such as China. The commission agreed that “market developments … indicate a significant change in market conditions and qualify as exceptional circumstances that would warrant a modification of the commitments.”The decision is attached....

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