Permira wins EU antitrust approval to buy Hungary's Borsodchem

EU

Permira Advisers LLP secured European Union antitrust approval to buy Hungarian chemicals producer Borsodchem Nyrt.

The European Commission, the 25-nation EU's antitrust regulator in Brussels, announced the approval in a statement today. The purchase of Borsodchem is London-based Permira's first in eastern Europe. The buyout firm is looking to benefit from growing demand for plastics in the region, where economic growth is outpacing that in western Europe. (Bloomberg)

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