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BASF SE gets FTC nod to sell parts of Ciba's Pigment Business
10 Dec '09
1 min read
The Federal Trade Commission has approved BASF SE's request to divest Ciba Holding Inc.'s Indanthrone Blue and Bismuth Vanadate Pigments Businesses to Dominion Colour Corporation. Divestiture of the two businesses is required by a Commission consent order issued on May 14, 2009.
The FTC order was issued to resolve competitive concerns raised by BASF's acquisition of Ciba, and required BASF to divest a range of assets to an FTC-approved acquirer. To comply with parts of order, earlier this year BASF petitioned the Commission to permit it to divest those assets to Dominion Colour.
The FTC order was issued to resolve competitive concerns raised by BASF's acquisition of Ciba, and required BASF to divest a range of assets to an FTC-approved acquirer. To comply with parts of order, earlier this year BASF petitioned the Commission to permit it to divest those assets to Dominion Colour.
Federal Trade Commission
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