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News Australian competition authorities seek comment on Sika's MBCC Group acquisition

Australian competition authorities seek comment on Sika's MBCC Group acquisition

Written by Global Concrete staff
20 January 2023
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Australia: The Australian Competition and Consumer Commission (ACCC) has called for public comment on Switzerland-based Sika's proposed acquisition of Germany-based fellow construction chemicals producer MBCC Group. The commission has raised 'preliminary concerns' over the possible competition impacts of Sika obtaining an 80% Australian market share as a result of the deal.

Sika group responded to the ACCC's concerns with an offer of an undertaking to divest MBCC Group's entire Australia and New Zealand business.

Published in Global Concrete News
Tagged under
  • Australia
  • New Zealand
  • competition
  • Australian Competition and Consumer Commission
  • acquisition
  • Divestment
  • market
  • MBCC Group

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