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Prime Polymer Co., Ltd. notified the Japan Fair Trade Commission of its proposed acquisition of Sumitomo Chemical's polypropylene and linear low-density polyethylene manufacturing and sales business via an absorption-type company split. The JFTC opened a secondary review and is soliciting public comments.
“The JFTC received the notification pursuant to the provision of the Antimonopoly Act from Prime Polymer Co., Ltd. and SUMITOMO CHEMICAL COMPANY, LIMITED concerning the proposed acquisition through absorption-type company split of polypropylene and linear low-density polyethylene manufacturing and sa”jftc.go.jp
Summarized from public sources; check the original articles before acting on it.