European Commission to continue evaluation of proposed chlorvinyls Joint Venture between Solvay and INEOS
(Thomson Reuters ONE) -
Brussels, November 5(th,) 2013 --- Solvay and INEOS 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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|As an international chemical group, SOLVAY assists industries in finding and|
|implementing ever more responsible and value-creating solutions. The Group is|
|firmly committed to sustainable development and focused on innovation and|
|operational excellence. Solvay serves diversified markets, generating 90% of|
|its turnover in activities where it is one of the top three worldwide. The|
|group is headquartered in Brussels, employs about 29,000 people in 55 |
|countries and generated 12.4 billion euros in net sales in 2012. Solvay SA|
|SOLB.BE) is listed on Nyse Euronext in Brussels and Paris (Bloomberg: SOLB.BB|
|- Reuters: SOLBt.BR). |
| |
|INEOS is a global manufacturer of petrochemicals, speciality chemicals and oil|
|products. It comprises 15 businesses each with a major chemical company|
|heritage. Its production network spans 51 manufacturing facilities in 11 |
|countries throughout the world. INEOS products make a significant|
|contribution to saving life, improving health and enhancing standards of|
|living for people around the world. Its businesses produce the raw materials|
|that are essential in the manufacture of a wide variety of goods: from paints|
|to plastics, textiles to technology, medicines to mobile phones - chemicals|
|manufactured by INEOS enhance almost every aspect of modern life. |
+------------------------------------------------------------------------------+
CONTACTS AT SOLVAY
Lamia Narcisse Caroline Jacobs Maria Alcon GEOFFROY Edward Mackay
Media Relations Media Relations Investor RASKIN Investor
+33 1 53 56 59 62 +32 2 264 1530 Relations Investor Relations
+32 2 264 1984 Relations +32 2 264 3687
+32 2 264 1540
CONTACTS AT INEOS
RICHARD LONGDEN CRAIG WELSH LOUISE CALVIOU
Media Relations Media Relations Investor Relations
+ 41 216 277 063 + 44 19 28 511 528 + 44 1928 516 644
You can find here the press release in PDF:
http://hugin.info/133981/R/1740689/584622.pdf
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Source: Solvay S.A. via Thomson Reuters ONE
[HUG#1740689]
Unternehmensinformation / Kurzprofil:
Datum: 05.11.2013 - 18:13 Uhr
Sprache: Deutsch
News-ID 313025
Anzahl Zeichen: 4143
contact information:
Town:
Brussels
Kategorie:
Business News
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"European Commission to continue evaluation of proposed chlorvinyls Joint Venture between Solvay and INEOS"
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