Regulator blocks proposed Dulux, Plascon merger

📆 09/11/2022 02:09 p. m.
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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.

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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
Fuente: Moneyweb - 🏆 5. / 77 Leer más »