Sika's acquisition of MBCC Group cleared by ACCC subject to divestiture

The ACCC will not oppose Sika's proposed acquisition of MBCC Group, subject to Sika divesting MBCC Group's entire business in Australia and New Zealand, including Bluey Technologies, as part of a global remedy package.

“The ACCC will not oppose Sika’s proposed acquisition of MBCC Group, after accepting a court-enforceable undertaking that commits Sika to divest MBCC Group’s entire business in Australia and New Zealand”accc.gov.au

• 1 source
• accc.gov.auSika's proposed acquisition of MBCC Group not opposed, subject to global divestiture | ACCCAustralian Competition, Consumer CommissionApr 20, 2023

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