Update on Sika's MBCC Acquisition – Closing targeted for H1 2023

The UK Competition and Markets Authority (CMA) has decided to conduct an in-depth examination in the UK market related to Sika’s planned acquisition of MBCC Group. Closing is now targeted for the first half of 2023. The adapted timeline will not impact the strategic attractiveness of the transaction. Guidance for the expected annual synergies remains at CHF 160 – 180 million.


Her Majesty The Queen visits Paddington Elizabeth Line Station ahead of the transformational Railway

  • During the visit, Her Majesty The Queen and His Royal Highness The Earl of Wessex, met with staff, including Elizabeth line apprentices, drivers, and station staff
  • The Elizabeth line will open to customers on Tuesday 24 May, radically cutting journey times, increasing capacity and encouraging people back onto public transport
  • The opening of the railway coincides with this year’s Platinum Jubilee celebrations, marking The Queen’s 70 years on the throne
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