Belgium's SOLVAY has been granted authorisation by the US and EU competition authorities to implement a deal signed with BP in August 2001 whereby: 1) SOLVAY will acquire BP's engineering polymers business, granting SOLVAY a global leadership position in the high performance plastics industry; 2) the setting up to two joint ventures in high density polyethylene, which together are one of the leading players world-wide; with a total turnover of approx. EUR 2 billion. The new companies will be...