German competition authority opens second phase on Ahlstrom divestment
German competition authority has opened a second-phase investigation into the planned divestment of Ahlstrom’s Building & Wind business to Owens Corning. The authority has extended the investigation to allow enough time to complete an appropriate review of the transaction.
Ahlstrom and Owens Corning will continue to work closely with the German authority in order to allow it to complete its review as quickly as possible, aiming at a completion of the divestment during the first half of 2016. However, it is possible that the completion of the planned transaction will not take place until the second half of 2016.
The planned divestment of the glassfiber business was announced on January 21, 2016.