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Chemical Week Magazine :: Business & Finance :: Europe/Mideast

Europe Okays Total PS Deal

8:29 AM MDT | July 9, 2010 | NATASHA ALPEROWICZ

The European Commission has approved the acquisition by Total Petrochemicals of Polimeri Europa’s styrenic lines at Feluy, Belgium. “The Commission’s investigation showed that the transaction would lead to a relatively small overlap and the combined entity would continue to face several competitors,” the commission says. Total announced earlier this year its intention to acquire two of the three polystyrene plants that Polimeri, an ENI (Rome) subsidiary, had been planning to close at Feluy (CW, Feb. 22/March 1, p...

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