JOHANNESBURG Jan 24 (Reuters) – South Africa’s
Competition Commission said on Tuesday it had blocked a bid by
Senmin International, a unit of AECI, from acquiring
Cellulose Derivatives.
The commission said in a statement that the target firm was
the only producer of a key component used by platinum mines for
chemical extraction.
“Consequently, the Commission is concerned that … the
merging parties are likely to deny Senmin’s competitors access
to an essential input,” it said.
(Reporting by Ed Stoddard)
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