European Commission clears Allnex $765 mln takeover bid for NZ's Nuplex

September 2, 2016 1:52 AM

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WELLINGTON, Sept 2 New Zealand resins and coating firm Nuplex Industries Ltd said European Union antitrust officials cleared Allnex Belgium SA/NV's takeover bid for Nuplex, taking the NZ$1.05 billion ($765 million) deal over the final regulatory hurdle.

In a statement to the New Zealand stock exchange on Friday, Nuplex said the deal, announced in February, received the green light from the European Commission on Thursday.

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