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The European Commission cleared the acquisition of joint control over the merged entity of Spanish packaging manufacturers Caiba and Nosoplas. Portobello Capital Fondo IV, Cobega and Sonab will jointly control the combined company.
“The decision removes an important regulatory hurdle for a transaction designed to connect recycled PET production more closely with the manufacture of preforms and containers.”polyestertime.com
Summarized from public sources; check the original articles before acting on it.