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EU: Commission squeezes concessions out of mega PVC merger

By  |  April 14, 2014

The European Commission is reportedly set to approve of a merger that will result in the world’s second-largest PVC maker, though the deal will be subject to conditions.

According to two sources, Belgium-based Solvay and Switzerland-based INEOS are on track to win EU approval for their joint venture so long as they divest five sites across the EU. The Commission declined to comment on the matter, and has a deadline of May 16 to rule on the transaction.

Reports say the new company will operate with nearly $6 billion in sales as the second-largest PVC maker; Japan-based Shin-Etsu is the world’s largest.

Full Content: Reuters

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