Birla’s Columbian Chemicals acquisition cleared by EC
The European Commission has cleared the proposed acquisition of US-based Columbian Chemicals by Indigold Carbon, which is controlled by the Indian Aditya Birla Group, both worldwide producers of carbon black. Even though the Commission concluded that the merger would create one of the three largest companies in the carbon black sector, approval was granted under the EU Merger Regulation as it is believed European customers will “continue to enjoy healthy competition.”