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Esseco’s Ercros deal draws in-depth probe in Portugal

( March 24, 2025, 15:24 GMT | Official Statement) -- MLex Summary: Chemicals business Esseco’s takeover bid for rival Ercros will be reviewed in full, the Portuguese antitrust authority said today, citing ''serious doubts'' as a reason. Last month, the Spanish competition authority opened an in-depth investigation into the transaction over concerns it could hurt competition in markets whether the companies compete, mainly in those for potassium hydroxide and potassium carbonate. Statement follows. ...

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