EU studies Apollo/Taminco deal
The European Commission has invited comments on the proposed acquisition of Belgian chemical company Taminco (Ghent) by US investment company Apollo Global Management for some €1,100 million ($1,406 million). A preliminary examination indicates that the deal may come within the scope of the EU Merger Regulation, the Commission says. UK-based global private equity firm CVC (London) is selling the 75% stake in Taminco that it purchased in 2007 ( Agrow No 524, p 1). The Belgian company is the world’s largest producer of alkylamines and derivatives, which are used as intermediates in the manufacture of agrochemicals. Apollo invests across a wide range of industries, including chemicals.