BRUSSELS CLEARS INEOS TAKEOVER OF POLYSTYRENE JOINT VENTURE WITH NOVA
February 1st, 2011
BY KEITH NUTHALL
THE EUROPEAN Commission has fast-tracked regulatory approval of UK-based Ineos' planned takeover of a polystyrene and expanded polystyrene joint venture operated with Canada's Nova since 2005. The business has 11 manufacturing plants in six countries: the Netherlands, France, Sweden, Germany, Canada and the USA. The Commission examined the deal under its "simplified merger review procedure" and imposed no conditions to the takeover, as the European Union's (EU) senior competition authority. Ineos Nova has been producing styrene ...
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