Hitachi Chemical/Showa Denko still being reviewed by Taiwan’s TFTC

Taiwan’s Fair Trade Commission (TFTC) is still looking at the proposed acquisition of Hitachi Chemical [TYO:4217] by chemical engineering firm Showa Denko [TYO:4004], according to a TFTC spokesperson, although he declined to be specific.

“The proposed acquisition has been filed with the regulator. The case is still being ‘processed’ and has yet to be presented to the committee,” the spokesperson said, referring to the TFTC’s decision-making committee that has the final say on each deal being reviewed by the authority.

A Showa Denko spokesperson, meanwhile, said the proposed deal already obtained approval from the Japan Fair Trade Commission (JFTC) at the end of February.

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