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The European Commission has opened an in-depth merger investigation into the planned combination of the European chlorovinyls businesses of INEOS of Switzerland and Solvay of Belgium in a newly created joint venture. The Commission's preliminary investigation indicated potential competition concerns in the markets for suspension polyvinyl chloride (S-PVC) and sodium hypochlorite (bleach), where both Solvay and Ineos are key players. The parties offered commitments, but the Commission considered that they failed to provide a sufficiently clear-cut solution to eliminate the Commission's concerns.
The OFT has concluded that it has no grounds to take action against fuel card operator CH Jones over alleged abuse of dominance. The OFT investigated the firm following a complaint that CH Jones was engaging in exclusionary conduct, the objective of which was to remove competition, including its main rival, from providing diesel bunker cards (direct bunkering cards and pay-as-you-go bunker cards) to lorry operators. Having issued a Statement of Objections, the OFT reassessed the evidence and considered representations from CH Jones and the complainant. As a result, the OFT concluded that it did not have sufficient evidence to demonstrate CH Jones' dominance. Therefore, the OFT has decided to close its investigation with a formal finding that on the basis of the information in its possession there are no grounds to take action.
For more information please contact Paul Stone, Partner
T: +44 (0)20 7203 5110