BRUSSELS APPROVES BRASKEN POLYPROPYLENE PURCHASE FROM DOW
September 1st, 2011
BY KEITH NUTHALL
THE EUROPEAN Commission has removed an obstacle preventing Brazil-based Braskem from becoming the largest polypropylene producer in the USA - approving its purchase of Dow Chemical's polypropylene business. Brussels, acting as the European Union's senior competition authority, authorised the acquisition by Braskem America, Inc, the Brazilian chemical giant's US subsidiary. The Commission confirmed it had fast-tracked its approval without condition, channelled through its "simplified merger review procedure". Its approval was necessary ...
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