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The European Commission approved the combination of EPL and Indovida India, a $2 billion packaging deal in which Indorama Ventures will hold a 51.8 per cent stake in the combined business. The commission found no competition concerns under its simplified review.
“The EC concluded that the deal would not raise competition concerns because of the companies' limited combined market position.”ecoplasticsinpackaging.com
Summarized from public sources; check the original articles before acting on it.