European Commission - Daily News
Brussels, 23 December 2015
The European Commission has approved under the EU Merger Regulation the acquisition of joint control over Prefere Resins Holding GmbH, a manufacturer of phenolic and amino resins for the construction and insulation industries, by funds managed respectively by Intermediate Capital Group (‘ICG’) of the UK and capiton AG of Germany. Both ICG and capiton are investment firms.
The Commission concluded that the proposed acquisition would raise no competition concerns, in particular because there are no overlaps between the companies' activities. The transaction was examined under the simplified merger review procedure.
(For more information: Lucía Caudet – Tel. +32 229 56182; Carolina Luna Gordo – Tel.: +32 229 68386)
Source: Europa.eu (Copyright European Commission)