News Formal

Regulator blocks proposed Dulux, Plascon merger

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

Business News News

Proposed deal between AkzoNobel and Kansai Plascon Africa will greatly reduce choice in the local market, Competition Commission says

AkzoNobel's paint factory in Ashington, Britain, is shown in the September 12 2017 file photo. Picture: REUTERShas rejected a proposed merger of paint manufacturers Dulux and Plascon on the grounds that the deal would substantially diminish competition in the local market.

The proposed merger of “combines the largest and second-largest manufacturers of decorative coatings who manufacture the well known Plascon- and Dulux-branded paint products to create a dominant firm with a considerable market share,” the commission said in a statement.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

CompCom says no to proposed Plascon and Dulux mergerThe CompComSA has shut down the merger of the manufacturer of Dulux-branded paint products – with Kansai Plascon Africa Limited (KPAL) and Kansai Plascon East Africa, which manufactures Plascon branded paint products Moneyweb BusinessNews Matshoba_A
Source: Moneyweb - 🏆 5. / 77 Read more »