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The Competition council authorized the taking over by H.I.G Europe of some assets owned by Covestro Deutschland

The competition council authorized the trading through which H.I.G. Europe takes over the business with polyuretanic systems in Europe of Covestro Deutschland according to a press release of the institution in competition.

H.I.G.Europe is part of the Group H.I.G. which works in Romania in the domain of recycling, media/IT, solutions for hydrocarbs, production and distribution of furniture and sanitary objects, online commerce.

Covestro Deutschland owns the companies Covestro Verwaltungs GmbH Oldenburg, Germany, Covestro B.V., the Netherlands, Covestro A.S. Denmark, Covestro S.L. Spain as well as some assets of Covestro Srl, Italy which develop, produce and supply polyuretanic systems specially adapted ( systems for local extension of the expansion agents and systems parts) to European clients.

Following the analysis of the trading, the competition council said that the proposed operation does not meet any significant obstacles on the Romanian market or a substantial part of it and there are no serious intentions regarding its compatibility with a normal competition environment.

The decision will be published on the site of the national competition authority after the elimination of information with confidential character.



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