Mar 23, 2015. /Lesprom Network/.
Kemira's acquisition of AkzoNobel's paper chemical business was
announced on July 8, 2014. Closing of the
transaction was expected during the 1Q 2015 and is subject to customary closing
conditions, including completion of employee consultation proceedings and
approvals of competition authorities in certain countries, as the company said
in the press release received by Lesprom Network.
Employee consultation proceedings have been completed and competition
approvals have been received, except the approval from Ukrainian competition
authority, thus delaying the expected closing of the transaction to 2Q 2015.
Revenue of the transaction scope in Ukraine is less than 1% of
the total transaction scope revenue.
