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EU OKs Indorama/Sinterama deal to acquire Trevira
13
Jun '11
The European Commission has cleared under the EU Merger Regulation the proposed joint acquisition of German polyester producer Trevira by Indorama of Thailand and Sinterama of Italy. After examining the operation, the Commission concluded that the parties' market shares would remain modest and that the merged entity will continue to face significant competitors.

The Commission's assessment focused on the impact of the proposed transaction on a possible EEA-wide or EEA and Turkey-wide market for polyester resins where Indorama and Trevira are active. Polyester resins are used in the production of various polyester products.

The Commission found that the market shares of these companies remain modest and they will continue to face significant competitors on these markets. The Commission therefore concluded that the proposed concentration would not significantly impede effective competition in the European Economic Area (EEA) or any substantial part of it.

The transaction was notified to the Commission on 2 May 2011.

Trevira GmbH produces and supplies polyester textile chips, staple fibres and filament yarns. Indorama produces and supplies polyethylene terephthalate ("PET") resins, preforms and bottles. Sinterama produces and supplies polyester filament yarns for home textiles, apparel, the automotive industries and industrial applications.

European Commission

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