IHS Chemical Week

Regions :: Western Europe

European Commission Clears Ineos's Acquisition of Hydro Polymers

3:41 AM MST | January 30, 2008 |

Natasha Alperowicz

Ineos Capital says it has today received unconditional clearance from the European Commission for the purchase of the Hydro Polymers polyvinyl chloride and related businesses in Norway, Sweden and the U.K. from Norsk Hydro (Oslo). The acquisition was agreed with Norsk Hydro last year and includes the 50% Ineos did not already own in the Noretyl ethylene plant at Rafnes, Norway. Ineos bought a 50% stake in the cracker from Borealis last summer. Ineos says it expects the acquisition to be completed in the next week. "We are delighted that we are now able to...

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