European Commission Gives Clearance for INEOS acquisition of Seal Sands site (UK) from BASF
INEOS Nitriles confirms that it has received unconditional clearance from the European Commission for the purchase of the Seal Sands site on Teesside (UK) from BASF plc, a subsidiary of the German chemical company BASF.
INEOS expects the acquisition to be completed within the next month.
Comments Rob Nevin, INEOS Nitriles CEO: "We are delighted that we are now able to proceed towards completion of the acquisition of the Seal Sands site, which is an important step forward for our customers and the development of INEOS."
For further information please contact
Richard Longden – INEOS
Phone: +44 (0) 2380 287037.
Charles Saunders – INEOS Nitriles
Phone: + 1 (281) 535-6630
Note to Editors
INEOS is the world's third largest chemicals company and a leading manufacturer of petrochemicals, speciality chemicals and oil products. Comprising 18 businesses and with a production network spanning 70 manufacturing facilities in 14 countries, the company produces more than 40 million tonnes of petrochemicals and 20 million tonnes per annum of crude oil refined products (fuels) each year. INEOS employs 16,000 people and has annual sales of around $44bn.