US clears merger
09 October 2000 00:00 [Source: ICB]
The US Federal Trade Commission has finally approved the merger of Shell and BASF's polyolefins in Europe. The 50:50 project, called Basell, consists of Montell (100% Shell), Elenac (50:50 Shell:BASF) and Targor (100% BASF). With startup early October, Shell says Basell will be based in Hoofddorp, near Amsterdam.
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