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DOW / DCC
M.7943
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Disclaimer :
The Competition DG makes the information provided by the notifying parties in section 1.2 of Form CO available to the public in order to increase transparency. This information has been prepared by the notifying parties under their sole responsibility, and its content in no way prejudges the view the Commission may take of the planned operation. Nor can the Commission be held responsible for any incorrect or misleading information contained therein.
SECTION 1.2
Description of the concentration
DCC is currently a 50/50 joint venture between Dow and Corning. The notified Transaction constitutes a transition from joint to sole control of DCC by Dow, which will be realized through a restructuring transaction under which DCC will redeem all of Corning’s interest in DCC. DCC’s controlling interest in Hemlock will be carved out before DCC redeems all of Corning’s interest in DCC. Hemlock will continue to be controlled by Corning and TDCC and is not an undertaking concerned in the Transaction.
Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel, BELGIË
Tel: +32 229-91111. Fax: +32 229-64301. E-mail: COMP-MERGER-REGISTRY@ec.europa.eu.