EC Clears Solvay's Planned Sale of Certain Nylon Business Assets to Domo Chemicals

摘要

Brussels— The European Commission (EC) has approved the planned purchase of Solvay's nylon business assets by Domo Chemicals GmbH, part of the commission's conditional approval in January 2019 of BASF's planned acquisition of Solvay's polyamide (PA) business (PCN, 26 Aug 2019, p 3). Specifically, Domo will acquire Solvay's performance PA facilities at Belle-Etoile and Valence, France, as well as a stake in a newly created joint venture between BASF and Domo in Chalampe, France. Domo will also obtain sites in Gorzow, Poland; Blanes, Spain, and commercial activities in Germany and Italy.