The Commerce Commission has published a Statement of Issues relating to the clearance application for Sika AG to acquire the MBCC Group (the Proposed Acquisition) as part of a global transaction. As part of its application for clearance, Sika has now offered an undertaking to divest MBCC’s New Zealand business.
The Statement of Issues outlines the Commission’s potential competition issues with the Proposed Acquisition following its initial investigation. A Statement of Issues is not a final decision and does not mean that the Commission intends to decline or clear the merger.
The Commission is seeking submissions from Sika and MBCC and other interested parties on the issues raised in the Statement of Issues. It is also seeking submissions on whether the proposed divestment of MBCC’s New Zealand business is likely to remedy the potential competition issues identified by the Commission.
The Statement of Issues can be found on the case register.