A PYMNTS Company

U.K.: UK regulators oppose Akzo Nobel takeover

 |  September 21, 2012

The UK’s Competition Commission on Thursday said it had provisionally ruled against Akzo Nobel’s move to become the sole owner of Metlac, a maker of metal packaging coatings used in beer and food cans. The watchdog said it was minded to block the deal, subject to consultation. In January, Akzo Nobel said it planned to exercise an option to buy the rest of the business from the Bocchio family for an undisclosed sum. The deal has already been approved in other jurisdictions, including Germany, Austria and Cyprus.

Full Content: Financial Times

Related Content: Legal Privilege or Legal Inconvenience? Some Reflections on the Last Judgment of the ECJ in Relation to the Akzo Case

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.