European Commission 1 June 2011, Commission Decision of 01/06/2011 declaring a concentration to be compatible with the common market (Case No COMP/M.6093 - BASF / INEOS / STYRENE / JV) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

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The European Commission approved the creation of a joint venture, Styrolution, between BASF SE and INEOS Industry Holdings Limited, subject to the divestiture of INEOS's entire ABS production facility in Tarragona, Spain. The Commission identified serious doubts regarding the concentration's compatibility with the internal market in the acrylonitrile-butadiene-styrene (ABS) sector, specifically concerning natural, pre-coloured, and medical-grade ABS markets in the EEA. The structural commitment to divest the Tarragona site, including its polymerization and compounding capacities, was deemed sufficient to eliminate the horizontal overlaps and vertical foreclosure concerns identified during the investigation.AI