EU authorities to further investigate acquisition of Hydro's polymers business by Ineos

The EU competition authorities plan to conduct further investigations in connection with the acquisition of Hydro's polymers business, Kerling ASA, by UK-based Ineos. This investigation is part of the competition clearance process. Approval of the EU Commission is the only remaining requirement towards completion of the acquisition process. The process completion, that was to be concluded in Q3-2007 by the Commission, as per the original schedule, will now be complete until 11 January 2008.
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