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Kem One buyout by OpenGate, de Krassny cleared in Austria

By Christiaan Nelisse ( January 20, 2014, 16:43 GMT | Insight) -- Austria’s competition regulator has approved the sale of French PVC producer Kem One to buyout firm OpenGate Capital and private investor Alain de Krassny. Antitrust officials in Spain and France still need to sign off on the deal. The takeover is important to rivals Ineos and Solvay, whose planned PVC joint venture is undergoing an in-depth probe in Brussels.Austria’s competition regulator has approved the sale of French PVC producer Kem One to buyout firm OpenGate Capital and private investor Alain de Krassny, who owns Austria’s Donau-Chemie....

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