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Markets :: Basic Chemicals :: Petrochemicals :: Vinyl chloride

Solvay, Ineos sweeten divestment package offered to secure EU Commission approval for chlorvinyls JV

1:28 PM MST | February 28, 2014 | Ian Young

Solvay and Ineos say they have offered the European Commission a revised remedy package, consisting of substantial asset divestments, to secure the commission's approval for the companies' proposed 50-50 chlorvinyls joint venture. The commission launched an in-depth antitrust investigation last November into the proposed jv and said that it would reach a decision by 21 March 2014. However, Solvay CEO Jean-Pierre Clamadieu told a press briefing at Brussels this week that Solvay does not expect the commission's verdict until early May. Solvay and Ineos submitted...

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