06:41 AM EDT, 08/03/2026 (MT Newswires) -- The European Commission approved the creation of a joint venture involving Indorama Netherlands, a unit of Thailand-based Indorama Ventures Public Co., and Singapore's Epsilon Bidco, which is controlled by US investment firm Blackstone. The transaction covers India's EPL Ltd., including Indovida India, and relates to the manufacturing and sale of plastic packaging products and polyethylene terephthalate, or PET, materials, according to a Monday release. The Commission said the transaction does not raise competition concerns because of the parties' limited combined market position.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.