EU approves DuPont/Sabanci venture

BRUSSELS, Jan 3 (Reuters) — The European Commission has approved plans by E.I. DuPont de Nemours & Co and Haci Omer Sabanci Holding to acquire joint control of Kordsa Sabanci-DuPont, a Commission official said on wednesday.

Kordsa Sabanci-DuPont — which makes industrial nylon products — was previously under sole control of Haci Omer Sabanci Holding, a leading Turkish industrial conglomerate.

The deal was approved under the Commission's simplified procedure, under which uncontroversial deals are cleared automatically after a month if no-one raises any competition concerns.

Web site: http://www.dupont.com