EU clears Solvay and SolVin's proposed JV with Sibur

The European Commission has cleared Solvay SA. and BASF AG.'s SolVin's proposed joint venture with Russian gas giant Gazprom's petrochemical unit Sibur. The JV, named RusVinyl will oversee the construction of a Euro 650 mln PVC complex in Russia's Nizhny Novgorod region.
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