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People & Business :: Companies

EU Commission Raids Ineos, Hydro

11:52 AM MST | January 11, 2008 | CW Editorial Staff

Norsk Hydro and Ineos have separately confirmed that they have been visited by representatives of the European Commission as part of an investigation into Ineos’s proposed acquisition of Norsk Hydro’s petrochemicals business. Hydro says commission inspectors visited the company’s Newton Aycliffe, U.K. site "to collect information related to the acquisition." The purpose was "to establish whether any irregular exchange of information between the two companies had taken place, pending the commission’s approval of the...

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