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The European Commission approved a packaging joint venture in which Indorama Netherlands and Epsilon Bidco (Blackstone affiliate) gain joint control of EPL, with Indovida to be absorbed by EPL. The clearance was granted under the simplified merger procedure and covers plastic packaging and PET products.
“The European Commission has approved the creation of a packaging joint venture involving EPL Limited and Indovida India.”polyestertime.com
Summarized from public sources; check the original articles before acting on it.