Johannesburg - The Competition Commission said on Tuesday it
has blocked a bid by Senmin International, a unit of AECI [JSE:AFE], to
acquire Cellulose Derivatives.
The commission said in a statement that the target firm was
the only producer of a key component used by platinum mines for chemical
extraction.
“Consequently, the commission is concerned that... the merging parties are likely to deny Senmin’s competitors access to an essential input,” it said.