# Evonik receives conditional approval for Huber Silica acquisition

The European Commission conditionally approved Evonik's acquisition of Huber Silica for $630 million, requiring divestments in certain precipitated silica markets to address competition concerns.

- Type: Acquisition
- Announced: 2017-06-22
- Where: United States
- Value: $630.0M
- Status: announced
- Products: precipitated silica, hydrophobic precipitated silica
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Evonik Industries](https://endata.com/companies/5809.md) (acquirer)
- [Huber Silica](https://endata.com/companies/25130.md) (target)

## Sources

- [european-rubber-journal.com](https://www.european-rubber-journal.com/article/2065287/conditional-approval-granted-to-evonik-s-acquisition-of-huber-silica), 2017-06-26: "The commission announced 22 June that the approval was conditional on the divestment of some of both companies' activities related to precipitated silica."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.