Brussels, 22/03/2010 (Agence Europe) - On Friday 19 March, the European Commission cleared the proposed acquisition of UK-based chemicals company Artenius by KP Chemical, which is controlled by the global Korean conglomerate Lotte Group. The Commission examined the competitive effects of the proposed transaction, notably the horizontal overlaps between KP Chemical and Artenius in the markets for PTA and PET resin. The PTA is the raw material used in the production of PET, which is mainly...