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Quaker gains conditional EU okay to buy Houghton

BRUSSELS, Dec 11 (Reuters) - EU antitrust regulators on Tuesday approved Quaker Chemical Corp's buy of Hinduja Group's Houghton International conditional on the sale of Houghton's European lubricants businesses related to aluminium and steel.

The European Commission said the asset divestment addressed its concerns that the deal would reduce competition in some markets. (Reporting by Foo Yun Chee, Editing by Gabriela Baczynska)