A PYMNTS Company

UK Watchdog Requests Remedies For $5.1B Sika-MBCC Merger

By  |  October 25, 2022
UK Watchdog Requests Remedies For $5.1B Sika-MBCC Merger

UK’s competition authority said on Tuesday it will likely request remedies before allowing the merger between Swiss chemicals firm Sika and German based MBCC, who have now a proposal to sell MBCC’s chemical admixtures business in the UK, Europe and several other countries as a potential compromise.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    Subscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Sika and MBCC are the UK’s largest suppliers of chemical admixtures, which are an essential input for products like concrete and cement used in the construction industry.

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Related:Morocco’s Watchdog Fines Swiss Sika AG $1.1M

    Sika and MBCC had requested the CMA to “fast-track” the case after accepting the conclusions of the Phase 1 review, which found possible harms to competition in a vital industry. The CMA agreed to move forward with the assessment of a remedy that could address those concerns.

    The Competition and Markets Authority, which had said the 4.5 billion pound ($5.08 billion) merger raises competition concerns in the UK, is now in the process of considering the remedies proposed by the companies. The market regulator found in its review that the potential deal could reduce the level of innovation, services and quality available to concrete producers, as well as leading to higher prices.