Press Release: Mergers: Commission clears acquisition of Solvay’s industrial foil business by Renolit subject to conditions

The European Commission on 23 February 2006 cleared under the EU Merger Regulation the proposed acquisition of the industrial foil business of the Belgian company Solvay ('IF Solvay') by the German company Renolit. The decision was subject to a number of conditions intended to safeguard competition in the flexible technical PVC film market where the proposed transaction raised competition concerns. To remedy these concerns, Renolit had committed to divest two production plants and a number of other assets.

European Commission: DG Competition: Merger Cases: M.3946 http://ec.europa.eu/comm/competition/mergers/cases/index/m78.html#m_3946

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