Indorama Ventures, Alpek, S.A.B. de C.V., And Far Eastern Investment (Holding) Ltd’s Joint Venture Receives FTC Approval To Acquire M&G’s Corpus Christi PTA-PET
Mon 24, 2018
BANGKOK, Thailand — December 24, 2018 — Indorama Ventures Public Company Limited (IVL), a global chemical producer, announced that its joint venture has received all regulatory clearance required from the United States Federal Trade Commission (“FTC”) for the proposed joint asset purchase of M&G USA Corp. and its affiliated debtors.
On 21 March 2018, Indorama Ventures, Alpek, S.A.B. de C.V., and Far Eastern Investment (Holding) Ltd., entered into a joint venture agreement to acquire M&G’s Corpus Christi plant through Corpus Christi Polymers LLC. The acquisition also includes certain M&G intellectual property, and a desalination/boiler plant. Read more..