Merger Notification - Announcement according to § 10 Cartel Act
INEOS Styrolution Korea Ltd.; K R Copolymer Co. Ltd.
On the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
INEOS Styrolution Korea Ltd. (Ulsan, South Korea) intends to acquire 100% of the shares of K R Copolymer Co. Ltd., from Chevron Phillips Chemical International Holdings LLC (The Woodlands, USA) and Daelim Industrial Co. Ltd. (Seoul, South Korea). Additionally, INEOS Styrolution America LLC intends to acquire substantially all of the assets relating to the business of selling thermoplastic resins produced by K R Copolymer Co. Ltd., specifically SBC, outside of Korea from Chevron Phillips Chemical Company LLC. The concentration concerns thermoplastic resins.
Industry sector: C - Verarbeitendes Gewerbe/Herstellung von Waren
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 23.12.2016.
Entrepreneurs whose legal or economic interests are affected by the merger can bring in a written statement at the Federal Competition Authority or the Federal Cartel Prosecutor within 14 days from publication date.
Note: The intervening party has no right to a certain treatment of the statement and will not gain a party position.
Non-prohibition of the merger
The Federal Competition Authority and the Federal Cartel Prosecutor have not applied for examination of the merger by the Cartel Court. The standstill obligation (§ 17 (1) Cartel Act) ends with effect from 23.12.2016 .