European Commission speeds regulatory approval of Ineos’ takeover of PS, EPS JV operated with Nova

23-Feb-11
The European Commission has fast-tracked regulatory approval of UK-based Ineos’ planned takeover of a polystyrene and expanded polystyrene joint venture operated with Canada’s Nova since 2005, as per prw.com. The business has 11 manufacturing plants in six countries: the Netherlands, France, Sweden, Germany, Canada and the US. The Commission examined the deal under its “simplified merger review procedure” and imposed no conditions to the takeover, as the European Union’s (EU) senior competition authority.
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