14/01/2013 (Agence Europe) - Mergers: SVP/KH. On 14 January 2013, the European Commission approved the acquisition of Kloeckner Holdings GP S.A. (“KH”) of Luxembourg by investment and hedge fund Strategic Value Partners LLC (“SVP”) of the US. Kloeckner Holdings GP SA (KH) is active in the production of rigid plastic films used for flexible packaging and other types of plastic film. One of SVP's portfolio companies, Vestolit, manufactures PVC used in packaging but, despite this, the Commission says that the deal will not cause any competition problems, given the presence both of credible alternative E-PVC and S-PVC suppliers with sufficient spare capacity; and sufficient alternative customers for E-PVC and S-PVC. The deal was examined using the normal merger examination procedure. (FG/transl.fl)