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EU Commission clears Ineos buyout of Sasol’s European solvents business

( May 6, 2014, 10:20 GMT | Official Statement) -- MLex Summary: The European Commission has cleared chemical company Ineos's planned buyout of rival Sasol’s European solvents business. The EU regulator concluded that although the deal combined the only two European producers of synthetic ethanol the combined entity would continue to face significant competitive pressure from producers of fermentation ethanol, an alternative product.Mergers: Commission clears Ineos' acquisition of Sasol's solvents business...

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