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

Ineos and Solvay receive statement of objections from European Commission on proposed chlorvinyls merger

9:28 AM MST | January 23, 2014 | Francinia Protti-Alvarez

Ineos and Solvay received a statement of objections from the European Commission concerning the proposed €4.3-billion ($5.8 billion) merger of the companies' chlorvinyls activities. The statement of objections forms part of the normal proceedings that take place during an in-depth investigation by the commission in a merger case. Ineos and Solvay each confirm receipt of the objections and they are required to respond to the statement in writing. The proposed merger was first announced in early 2013, as reported by CW. The commission opened an in-depth...

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