{"id":83343,"date":"2022-12-06T05:31:19","date_gmt":"2022-12-06T05:31:19","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/kronospan-abandons-takeover-pfleiderer-due-eu-antitrust-concerns\/"},"modified":"2025-09-19T08:59:01","modified_gmt":"2025-09-19T08:59:01","slug":"kronospan-abandons-takeover-pfleiderer-due-eu-antitrust-concerns","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/kronospan-abandons-takeover-pfleiderer-due-eu-antitrust-concerns\/","title":{"rendered":"Kronospan abandons takeover of Pfleiderer due to EU antitrust concerns"},"content":{"rendered":"
\n

Austrian wood panel producers Kronospan failed to allay EU antitrust concerns over its bid for German wood maker Pfleiderer's Polish unit, EU antitrust chief Margrethe Vestager said on Wednesday after the companies abandoned the deal.<\/p>\n

The European Commission opened a full-scale investigation into the deal in April and had subsequently planned to veto it, a person familiar with the matter said.<\/p>\n

The EU competition enforcer said remedies offered by Kronospan failed to ease its concerns over the creation of a dominant player in the raw and melamine-coated particleboards markets in Poland and the Baltics.<\/p>\n

\"Our in-depth investigation showed that the proposed transaction would negatively affect competition in these markets, leading to higher prices, reduced quality or less choice for customers,\" Vestager said in a statement.<\/p>\n

\"As the remedies offered by Kronospan did not address our competition concerns, we could not clear the transaction. We take note of Kronospan's decision to abandon their deal,\" she said.<\/p>\n

The European Commission takes note of Kronospan's and Pfleiderer's decision to terminate their agreement according to which Kronospan intended to acquire sole control over Pfleiderer Polska, the Polish subsidiary of the Pfleiderer Group.<\/p>\n

The abandonment follows the findings of the Commission's in-depth investigation and the failure of Kronospan to submit suitable remedies.<\/p>\n

Executive Vice-President Margrethe\u00a0Vestager, in charge of competition policy, said:<\/p>\n

\u201cKronospan and Pfleiderer are both among the most important suppliers of wood-based panels in Europe. Both produce wood-based construction and furniture materials, such as fibreboards and particleboards.\u00a0<\/em>The proposed acquisition would have brought together two leading suppliers and created a dominant player in the markets for the supply of raw and melamine-coated particleboards around the parties' plants in Poland and the Baltics. Our in-depth investigation showed that the proposed transaction would negatively affect competition in these markets, leading to higher prices, reduced quality or less choice for customers.<\/em> As the remedies offered by Kronospan did not address our competition concerns, we could not clear the transaction. We take note of Kronospan's decision to abandon their deal.\u201d<\/em><\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

Austrian wood panel producers Kronospan failed to allay EU antitrust concerns over its bid for German wood maker Pfleiderer’s Polish unit, EU antitrust chief Margrethe Vestager said on Wednesday after the companies abandoned the deal. The European Commission opened a … Continue reading →<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":96075,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[4713,4716,4715],"tags":[3317,3344,3624,4244],"class_list":["post-83343","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-companies-in-the-timber-industry","category-latest-trends","category-market-analysis","tag-kronospan","tag-panels","tag-pfleiderer","tag-takeover","topic-wood-based-panels","area-europe"],"acf":[],"yoast_head":"\nKronospan abandons takeover of Pfleiderer due to EU antitrust concerns - Timber Industry News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.timberindustrynews.com\/ro\/kronospan-abandons-takeover-pfleiderer-due-eu-antitrust-concerns\/\" \/>\n<meta property=\"og:locale\" content=\"ro_RO\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kronospan abandons takeover of Pfleiderer due to EU antitrust concerns - Timber Industry News\" \/>\n<meta property=\"og:description\" content=\"Austrian wood panel producers Kronospan failed to allay EU antitrust concerns over its bid for German wood maker Pfleiderer's Polish unit, EU antitrust chief Margrethe Vestager said on Wednesday after the companies abandoned the deal. 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