Sika cleared to acquire MBCC Group subject to divestment

The Commerce Commission of New Zealand granted clearance for Sika AG to acquire the MBCC Group, subject to the divestment of MBCC's business in New Zealand, Australia, the UK, EU, US, and Canada, including its global R&D facility in Trostberg, Germany.

“The Commerce Commission has granted clearance for Sika AG to acquire the MBCC Group subject to divesting certain assets of MBCC, including the entirety of MBCC’s business in New Zealand.”comcom.govt.nz

• 2 sources
• comcom.govt.nzSika cleared to acquire MBCC Group subject to divestment | Commerce CommissionApr 4, 2023
• concurrences.comThe New Zealand Competition Authority conditionally approves the acquisition of a company in the market for the development and supply of chemical admixtures and construction materials (Sika / MBCC) - ConcurrencesAustralian Competition AuthorityApr 12, 2023

Summarized from public sources; check the original articles before acting on it.