CCI clears its third merger Amarchand Mangaldas represents Aica Kogya and Aica Laminates
Amarchand Mangaldas has represented Japanese manufcaturing company Aica Kogyo Company Limited (Aica Japan) and Aica India Laminates India Private Limited (Aica India) in obtaining merger control clearance from the Competition Commission of India (CCI) in relation to the proposed acquisition of the Bombay Burmah Trading Corporation (BBTC).
BBTC’s Sunmica division will now be sold to Aica Japan’s Indian subsidiary Aica India. Money Control reported that Aica paid nearly Rs. 100 crore ($25 million) to acquire the Sunmica division.
The CCI in its 3 page order has in para eleven said “given the presence of a large number of players with fragmented market shares in the surfacing/decorative laminates business in India, the proposed combination is not likely to have an appreciable adverse effect on competition in India”.
Amarchand Mumbai competition law team led by Principal Associate Nisha Kaur Uberoi and Associates Gauri Chhabra and Shruti Murali represented Aica before the CCI.
Amarchand had filed an application interms of Regulation 14 of the Competition Commission of India (Procedure in regard to the transaction of business relating to combinations) Regulations, 2011 and obtained a clearance from CCI within 16 days of filing its application.
BBTC has been divesting its non core assets and earlier this month the company sold its Spring Division to Japanese company NHK Automotive.
A copy of the order of CCI is available below.
APPRENTICE LAWYER
Friday, May 24, 2013 - 10:39am
Comments (2)
Tuesday, May 21, 2013 - 12:35pm
Comments (1)
Comments
Saurabh Saluja
October 1, 2011 - 10:10amVery strange. AM bombay office advises on deal when the competition team is based in delhi. What were pallavishroff and arshad khan doing? Has arshad khan left amarchand? Or is this typical amarcjand behaviour where offices work separately and not like teams?
competitive lawyer
October 1, 2011 - 1:04pmSmart move by amss to develop competition law capabilities in both their major offices! after all, the brothers (and Pallavi) clearly have the vision.
Rakesh Jhunjhunwala
October 1, 2011 - 3:16pmEveryone knows M & A's is Bombays forte given cyril's presence. why will he not have his own team in bombay? Delhi does enforcement and litigation. Bombay clients wont use a delhi team.
The Transformer
October 3, 2011 - 12:27pmMr. Saluja, what is so strange in this considering AM is a full service corporate law firm based out of 5 major cities in India and they have expertise in all aspects of corporate law with lawyers based in all their 5 offices with the required expertise. How does it matter which of the lawyers do the deal irrespective of the offices? Infact your behaviour is strange since you lack adequate knowledge and seem to comment on issues which you have idea off !!!
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