EU studies BASF/Cognis deal
The European Commission is considering whether to carry out a detailed investigation under EU merger rules into BASF’s planned acquisition of German specialty chemical company Cognis (Monheim). The Commission has invited comments on the deal after its preliminary investigation indicated that the proposed concentration may reach market share thresholds. BASF agreed the acquisition in June and expects to close the transaction by November ( Agrow No 595, p 3). Cognis supplies agrochemical additives and adjuvants.