The Service of the Commission for the Protection of Competitionhas received a notification of a concentration by Compagnie de Saint-Gobain SA, according to Section 10 of the Control of Concentrations between Enterprises Law of 2014. The notification concerns the acquisition of share capital of Starcin Topco S.ΰr.l., Starcin Invest S.C.A., Starcin GP Invest S.ΰr.l. by Compagnie de Saint-Gobain SA.
Compagnie de Saint-Gobain SA is a company duly registered in accordance with the laws of France and operates in the construction sector. Specifically, the company’s operations can be separated in five sectors: (i) innovative materials, (ii) construction materials, (iii) distribution of building materials, (iv) glass and (v) tubes.
Target companies of the concetration are Starcin Topco S.ΰ r.l., Starcin Invest S.C.A., Starcin GP Invest S.ΰr.l. (which collectively will be called ‘’Chryso’’). All companies are duly registered under the laws of Luxembourg. Chryso is a specialized chemical company with main operations the design, production, marketing and distribution of chemical solutions used in the construction sector.