Press Release: Mergers: Commission approves proposed acquisition of Artenius UK Limited by KP Chemical

The European Commission cleared on 19 March 2010 under the EU Merger Regulation the proposed acquisition of UK-based chemicals company Artenius by KP Chemical, which is controlled by the global Korean conglomerate Lotte Group . After examining the operation, the Commission concluded that the transaction would not significantly impede effective competition in the European Economic Area (EEA) or any substantial part of it.