The CNMC, Spain's national competition authority, has announced its conditional approval of Esseco's acquisition of Ercros. This decision comes after a thorough review to ensure that the merger does not harm competition in the relevant markets.

As part of the approval, the CNMC has imposed specific conditions that Esseco must adhere to in order to mitigate potential anticompetitive effects. These conditions are aimed at preserving market dynamics and protecting consumer interests.

The CNMC's decision reflects its commitment to maintaining a competitive environment in various sectors, particularly in the chemical industry where both companies operate. The authority's scrutiny of the merger highlights the importance of regulatory oversight in corporate acquisitions.