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

The notification concerns the acquisition by Dow Europe Holding B.V. (“Dow Europe Holding”) of joint control of Aksa Karbon Elyaf Sanayi Anonim Şirketi (“Aksa Karbon”), which is currently solely controlled by Aksa Akrilik Kimya Sanayii A.Ş. (“Aksa Akrilik”) and will become a full-function joint venture (“JV”) jointly controlled by Dow Europe Holding and Aksa Akrilik. Dow Europe Holding is for merger control purposes controlled by The Dow Chemical Company, a diversified chemicals company headquartered in the United States. Aksa is for merger control purposes controlled by Akkök Sanayi Yatırım ve Geliştirme A.Ş. (“Akkök”), a diversified group predominantly active in chemicals, generation and distribution of electricity, and textiles. The JV will produce carbon fiber, carbon fiber intermediates and carbon fiber composites for worldwide supply and for use primarily in the energy, infrastructure, and transportation industries.