EU approves Ineos buy of BASF plant

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BRUSSELS, July 31 | Thu Jul 31, 2008 11:37am EDT

BRUSSELS, July 31 (Reuters) - Ineos Group Ltd [INEO.UL] of Britain won permission from the European Commission on Thursday to purchase a plant from German chemical manufacturer BASF BASF.DE. "The Commission concluded that the operation would not significantly impede effective competition," the EU executive said in a statement. (Writing by Darren Ennis, editing by Marcin Grajewski)

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