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INEOS Oxide has acquired Arkema's OXO alcohol business, including full ownership of the Oxochimie joint venture in Lavéra, France. The deal, cleared by the European Commission, was announced in June 2017. Oxochimie produces butanol and 2-ethyl hexanol.
Arkema announced a project to sell its 50% stake in the Oxochimie joint venture and associated business to INEOS. The deal is expected to close in early 2017, subject to approvals.
INEOS Oxide and Arkema announced a project for INEOS to acquire Arkema's Oxo Alcohol business, including Arkema's stake in the Oxochimie joint venture at Lavéra, France. The transaction is subject to regulatory clearance and consultation.