On 3 May,
the European Commission granted clearance, under the simplified merger review
procedure, to the dissolution of the joint venture Pipelife International GmbH,
which is specialised in the manufacturing and distribution of sewage pipes. Wienerberger
AG, which already holds 50% of the shares in the joint venture, will acquire
the remaining 50% shares from the Solvay Group. Wienerberger AG is a
multinational company based in Austria and is active in the production of
construction materials, in particular of clay bricks and tiles, as well as
sewage pipes made from stoneware.
Source Europolitics
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