Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

U.K. OFT Retracts Comment on Birla Buy Out of Columbian Chemical

Don't Miss Out —
Follow us on:

April 7 (Bloomberg) -- Britain’s antitrust regulator retracted a statement that said it wanted the European Union to investigate Aditya Birla Group’s proposed $875 million purchase of Columbian Chemicals Co., the carbon black manufacturer owned by JPMorgan Chase & Co. buyout unit One Equity Partners LLC.

The U.K. Office of Fair Trading said the statement today was “released in error and should be disregarded.” The statement said the agency had sought referral of the deal to the European Commission in Brussels. Mumbai-based Aditya Birla announced the acquisition on Jan. 31, saying it would help the company become the world’s largest maker of the product.

To contact the reporter on this story: Erik Larson in New York at elarson4@bloomberg.net

To contact the editor responsible for this story: Christopher Scinta at cscinta@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.