FTC approves final order on PET resin joint venture acquisition

The US Federal Trade Commission approved a final order settling charges that the joint acquisition of an under-construction PET production facility by Alpek (DAK), Indorama Ventures, and Far Eastern New Century would violate antitrust law. The order imposes conditions to prevent anti-competitive behavior.

“The terms of the final order prevent the joint-venture partners from using their joint ownership of the assets to act alone or in concert to exercise market power.”pymnts.com

• 1 source
• pymnts.comCPI | US: FTC approves order imposing conditions on PET resin JVCPIFeb 25, 2019

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