Brussels, 29 September 2023
The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control of Novamont S.p.A. by Versalis S.p.A., both of Italy.
The transaction relates primarily to the market of bioproducts and biochemicals from renewable resources.
The Commission concluded that the notified transaction would not raise competition concerns, given the companies’ limited combined market position resulting from the proposed transaction. The transaction was examined under the normal merger review procedure.
More information is available on the Commission’s competition website, in the public case register under the case number M.11150.
Source – EU Commission