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German cartel office orders Brenntag to dissolve distribution jv

11:52 AM MST | November 26, 2012 | Ian Young

The Bundeskartellamt (Bonn), Germany's federal cartel office, has prohibited Brenntag and CG Chemikalien (Laatzen, Germany) from continuing with their chemical distribution joint venture, CVH Chemie-Vertrieb (Hanover, Germany). All three entities are active in chemical distribution in the same regional markets in Germany, and have joint market shares of up to 70%, the Bundeskartellamt says. "If competitors cooperate with one another via a joint venture, which is also active on the same market as its parent companies, which should really be competing with one...

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