EC Continues Evaluation of Proposed Joint Venture between Solvay and Ineos
Solvay S.A., Brussels, Belgium, and Ineos Group AG, Rolle, Switzerland, take note of the European Commission's decision to continue its evaluation of their proposed 50/50 Joint Venture in European chlorvinyls activities. This follows the original notification of the planned transaction to the Commission in September 2013.
During this Phase II review, Solvay and INEOS will continue to work with the Commission. Both companies remain confident that the proposed Joint Venture will receive Commission clearance, which could be in the first half of 2014. This would create a competitive and sustainable business that would continue to benefit customers in Europe's rapidly changing markets and highly challenging economic environment.
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