The Commission has cleared the transfer of Montedison’s polypropylene technology business to Montell…

Date: 25/04/1996

...a joint venture between Montedison and Shell Petroleum. The two companies agreed to keep the polypropylene business outside the joint venture in return for the Commission's agreement to clear their original deal made in 1994. But in December, the firms asked the Commission to waive that commitment after Shell sold its own equivalent business to US company Union Carbide.