The European Commission has authorised Saint-Gobain's acquisition of control over Sika.
The European Commission has conducted an investigation to assess whether Saint-Gobain and Sika currently compete in the same markets.
It concludes that both groups’ activities are largely complementary, including in the area of mortars.
The limited overlaps do not raise any competition law concerns.
The European Commission therefore concludes: “Sika and Saint-Gobain do not generally seem to be close competitors as their offerings are rather complementary in terms of quality and brand perception”.
Saint-Gobain has said that these statements confirm the industrial logic of the transaction, and was also keen to highlight how they contradict the Sika board’s previous concerns and opposition to the transaction.