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...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee