European Commission Gives Clearance for INEOS acquisition of Hydro Polymers

01-Feb-2008

INEOS Capital confirms that it has received unconditional clearance from the European Commission for the purchase of the Hydro polymers businesses in Norway, Sweden and the UK from Norsk Hydro ASA. The acquisition was agreed with Norsk Hydro last year and includes the remaining 50% interest in the Noretyl ethylene cracker at Rafnes, INEOS Group having acquired the other 50% from Borealis last summer. INEOS expects the acquisition to be completed in the next week.

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