Press Release: Mergers: Commission opens in-depth investigation into acquisition by Huntsman of titanium dioxide assets of Rockwood

On 5 March 2014, the European Commission opened an in-depth investigation to assess whether the planned acquisition by Huntsman of a number of equity interests held by Rockwood (both of the US) is in line with the EU Merger Regulation. The Commission had concerns that the transaction may reduce competition in the market for sulphate-based titanium dioxide in the European Economic Area (EEA).

The Commission will have 90 working days, until 22 July 2014, to take a decision.

European Commission: Competition: Mergers http://ec.europa.eu/competition/mergers/legislation/regulations.html

---