Mergers & Acquisitions Mergers & Acquisitions

Sika's MBCC acquisition cleared in Australia, subject to remedies

By Laurel Henning
  • 20 Apr 2023 02:46
  • 20 Apr 2023 02:46
Chemical-admixture company Sika’s plans to acquire MBCC Group have cleared a key regulatory hurdle in Australia, after the country’s antitrust regulator said that it wouldn’t oppose the merger, subject to a court-enforceable undertaking.
Under the remedy offer, Sika must divest MBCC Group’s entire business in Australia and New Zealand, including

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Laurel Henning

Senior Correspondent

Laurel is a senior correspondent specializing in competition law, data privacy and security, in Australia and New Zealand. Laurel reports from Sydney on criminal-cartel legislation and white-collar crime, as well as competition and consumer lawsuits involving companies including Google, Meta Platforms and Apple. While at MLex Laurel has also reported boardroom disputes and shareholder campaigns agitating for changes to company strategy. Laurel joined MLex in 2013 and reported for five years on European energy and climate policies from Brussels. In that time, Laurel covered the regulation of emissions and technological developments pertaining to the energy sector within the EU, as well as the Paris agreement in 2015. A graduate of the University of Liverpool, Laurel studied English and French before beginning a career in journalism with MLex.

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