The European Union said Monday that it has approved Agrofert Group’s acquisition of Borealis AG’s nitrogen business after concluding that the deal wouldn’t raise competition concerns.
The European Commission, the EU’s executive arm, said its market investigation looked into the overlap between the companies’ operations in the markets for nitrogen fertilizers, technical nitrogen products and fuel additive AdBlue, as well as the links between Borealis’s nitrogen business and Agrofert as a retailer in the Czech Republic and Slovakia.
Agrofert is a Czech conglomerate, while Austrian chemical and fertilizer company Borealis is 75%-owned by OMV AG with the remaining 25% held by Abu Dhabi National Oil Co.
By Adria Calatayud
Source: marketwatch.com
LyondellBasell Industries N.V. and Mepol Group announced they have entered into a definitive agreement for LyondellBasell to acquire Mepol Group, a manufacturer of recycled, high-performing technical compounds located in Italy and Poland.
Univar Solutions Inc and Apollo announced that funds managed by affiliates of Apollo have entered into a definitive merger agreement to acquire the Company in an all-cash transaction that values the Company at an enterprise value of approximately $8.1 billion.
A world first, Project Greensand, shows that Carbon Capture and Storage (CCS) can work after carbon dioxide (CO2) from Belgium is successfully captured, transported and stored under the Danish North Sea. INEOS and their partner Wintershall Dea head the consortium of 23 organisations.
