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EU Commission opens in-depth probe into Huntsman's acquisition of Rockwood titanium dioxide assets

6:39 AM MST | March 6, 2014 | Francinia Protti-Alvarez

The European Commission has, as expected,  opened an in-depth investigation to assess whether the planned acquisition by Huntsman of a number of titanium dioxide (TiO2) assets from Rockwood is in line with EU merger regulations. The decision to open an in-depth inquiry does not prejudge the result of the investigation, the commission says. It now has 90 working days—until 22 July— to take a decision. Huntsman plans to acquire Sachtleben (Duisburg, Germany), Rockwood's TiO2 and functional additives division. It also plans to buy from Rockwood...

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