FTC accepts consent agreement allowing Rhodia, Donau Chemie AG to acquire Albright & Wilson, protecting competition in the market for pure phosphoric acid.

0 Comments | M2 Presswire, March, 2000

M2 PRESSWIRE-15 March 2000-US FTC: FTC accepts consent agreement allowing Rhodia, Donau Chemie AG to acquire Albright & Wilson, protecting competition in the market for pure phosphoric acid (C)1994-2000 M2 COMMUNICATIONS LTD RDATE:14032000 The Federal Trade Commission has reached a proposed settlement agreement with Rhodia, Donau Chemie AG (Rhodia) and Albright & Wilson PLC (A&W) that, subject to final approval, would allow Rhodia's proposed acquisition of A&W while addressing anticompetitive concerns the Commission has identified surrounding the transaction.

Under the terms of the proposed consent, Rhodia would be required to divest to Potash Corp. of Saskatchewan (PCS), A&W's pure phosphoric acid business in the U.S. Over the past several years,...