CCI clears Mercuria-Tata International JV, approves Indovida-EPL merger

Industry: Other    2 days ago

The Competition Commission of India (CCI) on Tuesday said it has cleared a proposed joint venture between Mercuria Energy Netherlands BV and Tata International Singapore (Pte), and the merger of Indovida India into EPL to create a larger consumer packaging entity.

In February, Tata International had announced the signing of the JV agreement with Mercuria Energy Group, one of the world’s biggest integrated energy and commodities groups.

Source: Economic Times