CCI clears Mitsui-DuPont copper fungicide biz deal
The Dollar Business Bureau Competition Commission of India (CCI) has given its approval to the acquisition of DuPont’s copper fungicide business by Kocide, a fully-owned arm of Japan-based Mitsui & Co Ltd. Kocide LLC was established in July 2014 for the purpose of acquiring copper fungicide worldwide. As per the combination document available with the CCI, the company does not have any business activities in India. CCI, a government body responsible to prevent activities that have an adverse effect on competition in India, in a tweet, said that it has given its approval to the "acquisition of DuPont’s copper fungicide business by Mitsui and Kocide". The regulator considered the copper fungicides market in India, as relevant for the deal. Dupont, a US-based company, has considerable operations ...
