The The European Commission has approved Solvay 's deal to purchase Solvay 's nylon assets. The deal had been subject to anti-trust concerns, but the 6 companies have since committed to a remedy package which will alleviate the remaining issues concerning the € 1.6bn ($ 1.8bn ) agreement. EU 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. The EU Commissioner for competition, Margrethe Vestager, said that given nylon overreaching presence in many end markets, the remedy package allowed for the creation of another large player in the EU nylon markets and allowing for more choices for end users. A deal has since been agreed, clearing the path for the completion of the acquisition by Q4 2018 .
The The European Commission has approved Solvay 's deal to purchase Solvay 's nylon assets. The deal had been subject to anti-trust concerns, but the 6 companies have since committed to a remedy package which will alleviate the remaining issues concerning the € 1.6bn ($ 1.8bn ) agreement. EU 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. A deal has since been agreed, clearing the path for the completion of the acquisition by Q4 2018 .