Saint-Gobain: UK to investigate acquisition of GCP Applied

(CercleFinance.com) - On Thursday the British competition authority announced that it has begun an investigation into the acquisition of the American GCP Applied Technologies by the French building materials group Saint-Gobain.


The Competition and Markets Authority (CMA) explains that its decision aims to determine whether the transaction is likely to result in a substantial lessening of competition in the UK.

As such, the regulator has requested the parties involved to submit their comments by 13 June, after which it will decide whether a further investigation - "phase 1" - is necessary.

Saint-Gobain announced the acquisition of GCP Applied Technologies, a US construction chemicals specialist, last December for a price of around 2.3 billion dollars.



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