EU regulators approve Akzo Nobel's takeover of ICI
AFP · 14 Dec 2007, 11:14
Published: 14 Dec 2007 11:14 GMT+01:00
The European Commission gave its approval on condition Akzo "divest activities in the UK, Ireland and Belgium as well as a shareholding in the adhesives manufacturer Purbond."
Last August, Dulux manufacturer ICI agreed to be bought by its Dutch rival for £8 billion ($16.3 billion).
The transaction is expected to close on January 2nd, 2008.