A spokesperson for BASF said that “at this stage, it is too early” to comment on the integration process once the assets are acquired. The EU has approved BASF's deal to purchase Solvay's nylon assets. The deal had been subject to anti-trust concerns, but the two companies have since committed to a remedy package which will alleviate the remaining issues concerning the €1.6bn ($1.8bn) agreement. The European Commission demanded that BASF balance the deal by making divestments of Solvay's manufacturing assets and innovation capabilities to a third party to prevent excessive market dominance by the company. In addition, the commission said it would investigate whether the merger was in breach of competition rules as regards its acquisition of Swiss chemicals company Syngenta.
The EU has approved BASF's deal to purchase Solvay's nylon assets. The deal had been subject to anti-trust concerns, but the two companies have since committed to a remedy package which will alleviate the remaining issues concerning the €1.6bn ($1.8bn) agreement. The European Commission demanded that BASF balance the deal by making divestments of Solvay's manufacturing assets and innovation capabilities to a third party to prevent excessive market dominance by the company. In addition, the commission said it would investigate whether the merger was in breach of competition rules as regards its acquisition of Swiss chemicals company Syngenta.