Press Release: Mergers: Commission approves proposed stake of PetroChina in certain Ineos assets

Author (Corporate)
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Series Details IP/11/573 (13.5.11)
Publication Date 13/05/2011
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The European Commission has cleared under the EU Merger Regulation the proposed acquisition of joint control over certain assets currently wholly owned by Ineos AG of Switzerland by PetroChina Company Limited of China and Ineos AG. 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.

Source Link Link to Main Source http://europa.eu/rapid/pressReleasesAction.do?reference=IP/11/573&format=HTML&aged=0&language=EN&guiLanguage=en
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