ComCom conditionally approves Knauf-USG merger

Tue, 23 Apr 2019

By Paul McBeth April 23 (BusinessDesk) - The Commerce Commission has followed its Australian counterpart's lead in approving a merger of building products giants Knauf and USG, provided it sells its share of a trans-Tasman joint venture. New Zealand's antitrust regulator cleared the deal on the proviso that Knauf will sell USG's 50 percent interest in USG Boral, either in total or just in Australasia, adopting the same undertaking as the Australian Competition and Consumer Commission. Knauf also agreed to divest certain other assets if a...

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