Press Release: Mergers: Commission approves proposed joint venture between INEOS and the Carlyle Group

The European Commission has cleared under the EU Merger Regulation the proposed joint venture between the UK company INEOS Silicas Limited (IS), belonging to the INEOS Group and the US company PQ Corporation (PQ), belonging to the Carlyle Group. Both companies produce speciality chemicals. The Commission concluded that the concentration would not significantly impede effective competition in the European Economic Area (EEA) or any substantial part of it.