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The OFT has published the full text of its request under Art 22 of Council Regulation (EC) No 139/2004 of 20 January 2004 on the control of concentrations between undertakings (the EC Merger Regulation) ((2004) OJ L 24/1) that the proposed acquisition by Aditya Birla Group of Columbian Chemicals be referred to the European Commission for review. The OFT request notes that whilst the proposed transaction was not notified in the UK, the OFT believes that it would qualify for review.
The transaction concerns carbon black, a substance mostly used in the production of tyres, plastics, cables, coatings and paints. Aditya Birla is the fourth largest producer of carbon black in the world.
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