EU Opens Probe Into INEOS Plastics Merger

Law360, New York (September 7, 2007, 12:00 AM EDT) -- Worried that the $900 million acquisition of Norwegian polymers company Kerling ASA by U.K.-based INEOS Enterprises Ltd. might give the chemical giant too much control over the plastics industry, the European Commission on Friday announced an in-depth investigation into the proposed deal.

Friday was supposed to have been the commission's deadline for clearing the deal, with an Aug. 24 inquiry deadline having already been extended.

The merger was announced in May on the heels of the chemical giant's acquisition of another Norwegian heavyweight, the petrochemical peddler...
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