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FRANCE

Electricity producer EDF agrees to cut power prices for France's biggest industrial consumers
State-controlled electricity generator and supplier EDF (Paris) has signed a memorandum of understanding (MoU) with Exeltium, a consortium of France's biggest industrial electricity consumers, under which EDF will adjust its long-term supply contract with...

Private equity–backed Polynt offers to buy Total's CCP Composites
CCP Composites (Courbevoie, France), a Total subsidiary specialized in composite resins; and Polynt Group (Scanzorosciate, Italy) plan to combine in a deal that would create an integrated composite resins producer that would rank first in Europe and third...

French chemical industry calls for a national gas strategy to meet challenge of US shale
France's chemical industry association UIC (Paris) has called on the country's government to adopt a wide-ranging national gas strategy to help French industry meet the competitive challenge posed by shale gas in the United States. The appeal follows...

EU fines six pharma firms for curbing entry of cheaper generic drugs
The European Commission announced on Wednesday that it has imposed fines totaling €427.7 million ($582.8 million) on the French pharmaceutical company Servier and five producers of generic drugs—Niche/Unichem; Matrix, now part of Mylan; Teva; Krka...

PTT Global Chemical to buy Perstorp out of Vencorex PUs JV
CW has learned that PTT Global Chemical (PTTGC; Bangkok), Thailand’s largest chemicals company, is seeking to buy its partner Perstorp out of their polyurethanes (PUs) joint venture Vencorex. PTTGC, which has a 51% share in Vencorex, has notified the...

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