commiss decis decemb relat proceed pursuant council regul eec case iv veba degussa notifi document number german text authent text eea relev ec commiss european commun regard treati establish european commun regard council regul eec decemb control concentr undertak merger regul articl thereof regard agreement european econom area articl thereof regard commiss decis septemb initi proceed regard opinion advisori committe concentr juli commiss receiv notif pursuant articl merger regul plan transact veba ag veba acquir control degussa ag degussa notif fail mention fact veba subsidiari hül busi joint ventur relev market market fume silica juli notif declar incomplet notif supplement juli decis juli commiss pursuant articl articl merger regul order suspens notifi merger time final decis decis septemb commiss initi proceed articl merger regul parti veba oper busi electr chemic oil distribut transport servic telecommun chemic interest handl subsidiari hül hül subsidiari röhm servo degussa oper chemic health nutrit preciou metal bank ii oper veba propos acquir share gfc gesellschaft für chemiewert mbh gfc gfc own degussa share degussa equiti capit dem divid share equal vote right gfc hold equiti degussa iii concentr plan notifi constitut concentr mean articl merger regul veba propos acquir sole control degussa year attend gener meet sharehold degussa possess share meant assur major gener meet gfc exercis control degussa take gfc veba acquir control interest degussa simpl major vote cast gener meet enabl veba appoint sharehold member degussa supervisori board supervisori board appoint dismiss member board manag simpl major ensur holder simpl major gener meet control conduct degussa busi result concentr veba biggest sharehold degussa largest sharehold stake share wide dispers veba larg industri sharehold knowledg market industri involv sharehold american famili compar market knowledg small sharehold posit individu exercis decis influenc conduct degussa busi past made effort jointli assur major gener meet light circumst assum veba acquir de facto control degussa iv commun dimens veba degussa combin aggreg worldwid turnov ecu billion veba ecu billion degussa ecu billion aggreg commun wide turnov ecu million veba ecu billion degussa ecu billion degussa achiev third aggreg commun wide turnov member state concentr commun dimens assess pursuant articl merger regul busi activ veba degussa overlap partial area chemic product detail apprais effect oper made area methyl methacryl methacryl acid transpar plastic acryl base pvc process addit organosilan silicon tetrachlorid fume silica diamin polyamin reagent product cation starch area busi activ overlap absenc indic oper lead strengthen exist market posit relev product market methyl methacryl methyl methacryl mma monom base major proport product methacryl chemistri obtain ach process hydrocyan acid methanol aceton mma liquid direct end product rule process polymeris polymethyl methacryl pmma transpar plastic inform suppli custom produc mma replac product commiss conclus mma constitut separ product market methacryl acid methacryl acid likewis basic monom close relat mma made ach process raw materi addit methanol mma methacryl acid end product process methacryl product import methacryl acid paint varnish resin dispers turn process paint kind varnish methacryl acid mma confer properti product process interchang user point view confirm parti competitor custom commiss conclus methacryl acid separ product market transpar plastic transpar plastic mouldabl transpar chemic product resembl glass transpar lighter easier work rule fragil glass transpar plastic wide varieti applic lamp cover motor industri subcontract advertis motorwai nois barrier cd case packag main transpar plastic polymethyl methacryl acryl glass pmma polycarbon pc styren acrylonitril copolym san polystyren ps plastic differ properti price pmma weatherproof highli transpar polycarbon high impact heat resist polystyren transpar pmma polycarbon cheaper pmma produc polymeris mma transpar plastic produc polymeris raw materi parti opinion transpar plastic form product market point extens substitut applic pmma polycarbon lamp differ properti reduc product process addit offset price term durabl properti price essenti differ transpar plastic commiss enquiri shown substitut extent substitut vari greatli applic commiss decis juli case iv elf atochem rohm amp haa competitor custom confirm transpar plastic interchang applic result characterist transpar plastic make special apt applic inapt applic question transpar plastic constitut separ product market left open assumpt market separ object aris competit law assumpt pmma relev market veba hül degussa oper polycarbon field combin share market veba involv polystyren hül market share parti activ san busi transpar plastic sold onward form mould powder extrud cast sheet mould powder granul process form heat extrus process intermedi product product extrud sheet cast sheet hand cast direct polymeris stage pass mould powder stage parti opinion mould powder extrud cast sheet constitut market argu extrus inject mould involv substanti chemic chang differ properti price extrud cast sheet fulli interchang commiss enquiri sheet consider dearer mould powder bui public question market left open condit competit fundament mould powder sheet commiss decis juli case iv elf atochem rohm amp haa acryl base pvc process addit product make process pvc form powder pvc form ensur pass extrud feed screw damag equip improv surfac structur end product process rigid plasticis pvc product film bottl section function acryl base pvc process addit perform materi constitut product market organosilan organosilan essenti binder cross link agent wide varieti applic glass cloth adhes sealant tyre paint varnish coat preserv structur separ market organosilan distinguish organofunct silan binder inorgan materi glass miner metal organ polym thermoplast surfact inorgan organ materi cross link agent polym organofunct silan divid rubber applic tyre repair rubber applic silan rubber applic silan rubber applic produc instal procedur commiss enquiri confirm organofunct silan rubber applic replac organofunct silan rubber applic separ market group organosilan alkyl silan preserv structur account water repel qualiti alkylsilan produc instal organofunct silan special properti form separ market silicon tetrachlorid silicon tetrachlorid chemic raw materi product fume silica fume silica ester fibr optic cabl synthet silica glass product silicon tetrachlorid trichlorsilan raw materi organosilan product hydrochlorin silicon metal product sale silicon tetrachlorid close link market stage inform suppli parti silicon tetrachlorid produc downstream firm process produc carri hydrochlorin silicon metal result silicon tetrachlorid process fume silica larg quantiti hydrochlor acid obtain need hydrochlorin initi product silicon metal return produc silicon tetrachlorid form integr result close circuit danger present transport silicon tetrachlorid limit extent fume silica fume silica produc silicon tetrachlorid oxygen hydrogen product addit varieti product main area elastom improv mechan properti silicon rubber sealant thermoset materi improv properti unsatur polyest epoxi resin acryl paint varnish fume silica replac function materi form separ product market diamin polyamin inform suppli parti diamin polyamin harden epoxi resin system epoxi resin system varnish steel concret coat shipbuild civil engin build construct adhes diamin produc basi chemic substanc parti isophoron produc isophoron diamin chemic compani produc ethylen anilin diamin inform suppli parti diamin polyamin basic function act cross link agent epoxi resin chain evid properti diamin differ parti state diamin compound ident properti achiev diamin compound compound made custom custom possess wide rang posit switch diamin compound rapidli signific cost parti opinion diamin polyamin form product market commiss enquiri inform suppli custom competitor essenti confirm assess commiss enquiri isophoron diamin part market diamin constitut separ product market isophoron diamin make volum total market diamin user state isophoron diamin substitut applic user diamin affect properti end product epoxi resin system exist product isophoron diamin replac fresh test case composit end product subject offici authoris case product build agreement purchas final product user argu case substitut isophoron diamin time year requir expenditur develop compound test valid exist compound newli develop mixtur user free choic diamin main applic isophorondiamin replac diamin short notic present isophoron diamin limit substitut reason suffici isophoron diamin separ market commiss conclus diamin constitut relev product market reagent product cation starch untransform starch potato maiz wheat convert cation starch reagent cation starch paper industri pulp surfac treatment fine paper wrap paper corrug board inform suppli parti starch reagent produc stage place reagent obtain initi cationis process pre reagent convert finish reagent mean reaction sodium hydroxid produc offer pre reagent unlik finish reagent store transport difficulti reason pre reagent finish reagent constitut separ product market geograph market except silicon tetrachlorid product market eea wide commiss enquiri found evid smaller geograph market case silicon tetrachlorid account special featur recit proxim produc custom fume silica commiss satisfi market eea wide fume silica volumin materi transport cost consider import fume silica produc europ insignific custom state european supplier choic influenc guarante qualiti small signific price increas custom switch european supplier assess mma bulk mma produc produc captiv market mma eea big commiss enquiri market volum eea tonn basi sale figur suppli parti competitor breakdown market share gt tabl gt market leader mma ici strong competitor alongsid veba degussa concentr creat domin posit methacryl acid methacryl acid produc produc commiss enquiri volum open market methacryl acid eea tonn basi sale figur suppli parti competitor breakdown market share gt tabl gt market leader methacryl acid ici strong competitor alongsid veba degussa concentr creat domin posit transpar plastic inform suppli parti commun market transpar plastic amount tonn ecu billion veba röhm market share volum degussa share give combin share commiss enquiri confirm figur major competitor basf market share dow elf atochem pmma consid separ market commun wide market volum tonn ecu million case market share gt tabl gt concentr make veba degussa market leader pmma commun alongsid parti competitor compar veba degussa backward integr financi strength present market leader atohaa market share lower parti pmma replac transpar plastic gener measur competit pressur concentr assum independ market pmma creat domin posit concentr lead creation oligopoli veba degussa ato haa market pmma combin market share veba degussa ato haa market transpar pmma produc sold form qualiti commiss enquiri custom state qualiti product servic import price barrier market entri low confirm success market entri east european east asian produc year agrobiochem bulgaria chimei corp taiwan lucki south korea reason concentr expect lead domin oligopoli market pmma acryl base pvc process addit market acryl base pvc process addit volum tonn eea ecu million commiss enquiri parti joint market share merger veba degussa ca clear market leader rohm amp haa market share competitor market share kaneka concentr confer domin posit parti view fact market structur chang reason expect concentr creat strengthen domin posit held jointli parti rohm amp haa organosilan organofunct silan hül oper rubber branch share eea market degussa market share practic busi rubber applic degussa strong patent sulphur function silan hold market share gt hül busi area inform suppli parti confirm custom main competitor rubber applic witco osi market share witco offer sulphur function silan parti oper market concentr lead addit market share fact custom fear portfolio effect market alkyl silan parti combin market share clear market leader wacker market share concentr creat domin posit silicon tetrachlorid degussa entir output silicon tetrachlorid antwerp raw materi fume silica veba hül suppli cabot hül degussa integr oper product fume silica produc wacker process fume silica dow integr fume silica oper difficulti transport geograph market silicon tetrachlorid confin place product concentr lead addit market share fume silica fume silica gener produc close circuit supplier raw materi silicon tetrachlorid trichlorsilan recycl hydrochlor acid result product fume silica supplier raw materi hydrochlor acid product raw materi hydrochlorin silicon metal mean fume silica produc cooper close firm integr upstream stage oper eea world market fume silica highli concentr produc europ degussa cabot wacker unit state america fume silica produc cabot degussa japan tokuyama soda nippon aerosil degussa mitsubishi joint ventur produc oriana ukrain great import sale fume silica eea amount ecu million commiss enquiri degussa market share commun wacker cabot degussa product facil rheinfelden antwerp product raw materi integr antwerp oper hül degussa rheinfelden oper integr wacker product facil burghausen kempten likewis integr respect raw materi cabot product plant barri wale raw materi suppli dow corn rheinfelden cabot produc fume silica joint ventur hül cabot hül gmbh raw materi suppli hül hül take hydrochlor acid product joint ventur hül suppli varieti servic wast dispos work protect firefight joint ventur agreement cabot hül equal vote right gener meet sharehold take decis unanim vote real properti longer term leas agreement cooper enterpris agreement industri properti right budget borrow agreement suppli sale product produc cabot hül hül cabot appoint manag manag respons area appoint hül report manag appoint cabot profit loss joint ventur share cabot hül suppli contract cabot hül cabot cabot hül oblig suppli minimum quantiti cabot practic entir product cabot hül sold cabot purchas price link cabot averag sell price fume silica veba stake joint ventur cabot hül interest product plant oper degussa biggest competitor europ veba take degussa concentr confer domin posit veba degussa market fume silica degussa clear market leader europ market share result joint ventur oper cabot veba structur link significantli weaken posit cabot independ competitor result contractu relat veba cabot hül veba degussa inform price behaviour cabot market fume silica adapt price behaviour exist level transpar market result homogen product consider increas concentr fact veba cabot hül joint ventur profit transfer arrang benefit directli higher price level fume silica sold cabot obstruct price competit cabot veba degussa market posit remain competitor wacker longer suffici gener effect competit pressur prevent veba degussa act independ custom competitor market buyer fume silica part critic merger veba degussa assum veba maintain link joint ventur import competitor addit major barrier entri competitor market invest requir set fume silica plant heavi specif process requir suppli raw materi outlet hydrochlor acid competitor enter market year order overcom commiss concern veba undertak dispos stake cabot hül gmbh latest competitor belong veba group degussa group veba degussa interest relev interlock directorship dispos date veba transfer vote manag right neutral independ truste appoint truste approv commiss truste irrevoc mandat dispos veba share latest buyer belong veba group degussa group hold veba degussa relev cross tenur directorship commiss take view promis legal separ veba joint ventur cabot hül prevent creation domin posit veba degussa cabot continu independ competitor veba degussa assess share buyer express critic concentr fact hül suppli cabot raw materi silicon tetrachlorid trichlorsilan cabot suppli hül hydrochlor acid result product justifi conclus compani behav competitor market mutual suppli result close loop situat specif product parti futur order cabot remain independ competitor market commiss assum hül suppli cabot raw materi futur commiss inform suppli agreement enter maintain continu competit plant fact hül past suppli joint ventur cabot hül degussa raw materi commiss enquiri prevent cabot hül behav independ market cabot unilater depend hül hül time depend suppli hydrochlor acid cabot cabot suppli independ hül work barri enabl commiss verifi undertak compli veba requir report commiss begin month step give effect undertak diamin polyamin inform suppli parti total volum market diamin polyamin commun tonn ecu million market share break roughli gt tabl gt concentr creat domin posit market diamin polyamin alongsid strong competitor basf bayer smaller supplier evid suggest domin oligopoli consist parti basf bayer diamin homogen product lead produc offer rang chemic base price type diamin differ reagent product cation starch market small market volum eea includ captiv finish reagent tonn exclud captiv finish reagent tonn market share break roughli gt tabl gt smaller supplier starch reagent produc raisio roquett make reagent product cation starch conceiv increas begin product sale outsid market condit attract compani dow enter market market share low rise concentr creat domin posit lead oligopolist domin case finish reagent addit market share strengthen degussa market posit hül servo oper area vi conclus reason conclud provid undertak veba recit fulfil concentr creat strengthen domin posit result effect competit significantli imped common market substanti part order enabl commiss verifi fulfil condit veba requir report commiss complianc condit concentr declar compat common market pursuant articl merger regul pursuant articl eea agreement adopt decis articl concentr veba degussa declar compat common market eea agreement subject complianc condit set articl articl decis subject condit veba compli undertak veba stake cabot hül gmbh sold latest buyer belong veba group degussa group veba degussa interest relev cross tenur directorship dispos refer point date veba transfer vote manag right neutral independ truste appoint truste approv commiss truste irrevoc mandat dispos veba share latest buyer belong veba group degussa group capit hold veba degussa relev cross tenur directorship articl veba instruct report commiss begin month step give effect undertak articl articl decis address veba ag bennigsenplatz düsseldorf brussel decemb commiss karel van miert member commiss oj corrigendum oj oj publish version decis inform omit replac rang pursuant articl regul eec disclosur busi secret