15. Aug 2022 | Markets & Companies
Sika: Update on MBCC acquisition
In November 2021, Sika signed a definitive agreement to acquire MBCC Group (former BASF Construction Chemicals). The completion of the transaction is subject to regulatory approvals. The UK Competition and Markets Authority (CMA) has decided to conduct an in-depth examination (Phase 2) regarding Sika’s planned acquisition of MBCC Group. This examination will require additional time. The closing of the transaction is therefore now targeted for the first half of 2023 instead of at the end of 2022 as previously announced.
Thomas Hasler, Chief Executive Officer: “Sika has already received unconditional regulatory approval across a number of jurisdictions, including Japan, China, Brazil, South Africa, Saudi Arabia, Turkey, and Thailand. For a transaction of this magnitude a detailed analysis is not unusual. The adapted timeline for the closing does not impact the strategic attractiveness of the transaction.”
European Coatings Journal
European Coatings Journal is Europe’s leading monthly journal for the coatings industry:
- Trendsetting industry news
- Cutting-edge technical papers
- Exclusive market insight
Manufacturers and suppliers, associations and institutes use European Coatings Journal as their preferred source of information for the professional, more practical aspects of technology.
You are currently not logged in
To leave a comment, please log in.
There was an error while sending your comment. Please try again.
Your comment was too long. There are a maximum of 2048 symbols allowed!