23/02/2006 (Agence Europe) - The European Commission has cleared the proposed acquisition of the industrial foil business of the Belgian company, Solvay, by the German company Renolit, subject to a number of conditions. Renolit has committed to divest two production plants and a number of other assets to safeguard competition in the flexible technical PVC film market where the proposed transaction raises competition concerns. The proposed concentration would bring together the two leading players in this industry, resulting in a very high share in the market for flexible technical PVC films, which remains highly fragmented and characterised by high entry barriers and limited imports from outside Europe. In order to remove the competition concerns, Renolit offered to divest Solvay's two main production plants for flexible technical PVC films, namely the Liancourt plant in France and the relevant part of the Enkhuizen plant in the Netherlands.