AUSTRIA: Lenzing Confident Of Survival
Viscose fibre manufacturer Lenzing is making the best of the European Union's decision to block its sale by Bank Austria to CVC Capital Partners, who also own part of Acordis, a rival manufacturer. The EU's decision was taken on the basis that the merged entity would have had a global monopoly on lyocell, and would also have controlled a 55 per cent market share for standard viscose, and over 85 per cent for spundyed viscose and viscose for tampons.
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