GlobalUpdate

AGC Purchase of Stake in Interpane is Approved by European Commission
The European Commission (EC) has approved AGC Glass Europe’s acquisition of a controlling stake in Germany-based Interpane. The EC had previously announced that it was investigating the pending deal due to a “proposed concentration” (see related story in July USGlass, page 16).

According to the Commission, the acquisition is in accordance with its merger regulation and AGC, which is controlled by Japan-based Asahi Glass Co., is now able to acquire a controlling stake of Interpane.

“The Commission concluded that the proposed transaction would not raise competition concerns because the merged entity would continue to face sufficient competition,” writes the EC in its announcement.

The EC continues, “After reviewing the ‘competitive effects’ of AGC’s recent acquisition in numerous glass markets … the Commission determined that the proposed merger will not drastically change the glass market structure. Additionally, the merged sector of the companies “would face competitive pressure from a number of credible competitors.”

Lisec Opens South American Branch
Austria-based Lisec opened a contact branch in São Paulo, Brazil, earlier this year to help it better serve its South American clients.

According to the company, Lisec has had a presence in South America with its own facility in the city of Campinas in the Brazilian state of São Paulo.

“We see great potential in the South American market and have decided to set up a contact partner locally,” says Karl Gruber, head of the Lisec Group.

USG
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