-+ 0.00%
-+ 0.00%
-+ 0.00%

European Commission OKs New JV by Indorama, Blackstone

MT Newswires·08/03/2026 06:41:11
Listen to the news
06:41 AM EDT, 08/03/2026 (MT Newswires) -- The European Commission approved the creation of a joint venture involving Indorama Netherlands, a unit of Thailand-based Indorama Ventures Public Co., and Singapore's Epsilon Bidco, which is controlled by US investment firm Blackstone. The transaction covers India's EPL Ltd., including Indovida India, and relates to the manufacturing and sale of plastic packaging products and polyethylene terephthalate, or PET, materials, according to a Monday release. The Commission said the transaction does not raise competition concerns because of the parties' limited combined market position.