date:Sep 25, 2012
AkzoNobel has said it is disappointed after the UK Competition Commission (CC) preliminarily ruled against a merger deal over fears it could damage competition in the sector and see prices rise.
The AkzoNobel takeover of fellow metal can coating outfit Metlac Holdings was referred to the CC by the UK Office of Fair Trading (OFT) in May.
In its initial findings, the CC said the deal would result in a substantial lessening of competition (SLC) in the supply of metal packaging coatings in the UK.