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EC clears INEOS acquisition of BASF acrylonitrile plant.

The European Commission has unconditionally cleared the acquisition of BASF's Seal Sands acrylonitrile (ACN) production facility by Ineos Nitriles after a Phase I investigation.

Ineos Nitriles is a major producer of ACN, both to external customers and its own downstream businesses. The Commission found that as BASF was not previously involved to any significant extent in the merchant market, the proposed transaction did not bring about a significant change in competition. This view was confirmed by positive customer responses to the market investigation.

Cristina Caffarra, Diana Jackson, Thomas Buettner, and Katharina Sailer of CRA's European Competition Practice advised Ineos during the investigation, particularly on issues of geographic market definition.

See Commission Press Release

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