EUROPEAN COMMISSION APPROVES BELGIAN POLYSTYRENE BUSINESS ACQUISITION
July 1st, 2010
BY KEITH NUTHALL
THE EUROPEAN Commission has cleared the proposed sale of Belgium-based Polimeri's polystyrene business, to France-owned Total Petrochemicals Feluy. Following an inquiry, the Commission concluded there were no major "competition concerns" and approved the deal without conditions. Total Petrochemicals Feluy makes commodity polymers (polyethylene, polypropylene, polystyrene), and is controlled by French fuel giant Total. Polimeri makes basic and specialty chemicals and commodity polymers, being controlled by another major energy company - ...
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