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EU Approves Columbian Acquisition

Thomson is reporting (subscription required) that the European Commission has cleared One Equity Partners’ acquisition of a 66.75% stake in Columbian Chemicals. The purchase will make Columbian a wholly-owned subsidiary of One Equity Partners. In December, DC Chemicals announced it would sell its two-thirds stake in Columbian. In January, the EC announced that it would investigate the acquisition, which will have no effect on concentration levels in the European carbon black industry.

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