date:May 25, 2012
The OFT yesterday referred the touted merger to the UK Competition Commission after saying it had received a slew of objections to the transaction unveiled earlier this year.
Price hike fears
A probe by the body found that Akso Nobel and Metlac are two of the four main suppliers of metal packaging coatings for such segments as food and beverage cans in the European Economic Area (EEA).
Evidence considered by the OFT shows that Metlac represents a significant competitive constraint to AkzoN