TheBateman schreef op 9 april 2017 22:44:
Ik raise morgen mijn stake in AKZO verder, met name in turbo's.
The company has explained several reasons for its refusal to discuss the PPG approach, including predicting a long and drawn-out process to win anti-trust approval from the European Union.
AkzoNobel chairman Antony Burgmans has also suggested that strong political opposition in the Netherlands would play a role in this process.
“If there is no political support that makes the competition issue even more difficult. Because if Brussels thinks there is no political support, they will be even more critical than they already are,” he told Bloomberg. “They have made their life even more difficult in Brussels. Brussels will take a very critical approach of this. They will listen to the Dutch political establishment.”
Burgmans was speaking in the experience of having worked on the acquisition of Dutch TNT Express by United Parcel Service, which was blocked by the European Commission in 2013.
This argument has been dismissed by Lowe, who told City A.M.: “The assessment of a merger by the European Commission is limited by law, with very limited exceptions, to its impact on competition and the ultimate benefits or costs for consumers.
“Support or opposition at a political level for a merger may influence the determination of the merging companies to pursue the deal but will not influence the European Commission’s decision.”
www.cityam.com/262542/ppg-industries-...