[Federal Register Volume 60, Number 115 (Thursday, June 15, 1995)]
[Notices]
[Pages 31469-31470]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-14692]
-----------------------------------------------------------------------
FEDERAL TRADE COMMISSION
[Docket No. C-3580]
Montedison S.p.A., et al.; Prohibited Trade Practices, and
Affirmative Corrective Actions
AGENCY: Federal Trade Commission.
ACTION: Consent order.
-----------------------------------------------------------------------
SUMMARY: In settlement of alleged violations of federal law prohibiting
unfair acts and practices and unfair methods of competition, this
consent order requires, among other things, the Royal Dutch Petroleum
Company and the Shell Group of Companies to divest all of Shell Oil's
polypropylene assets to Union Carbide Corporation, or to another
Commission approved acquirer, within six months, requires Montedision
to relinquish revenues under the profit sharing agreement from future
U.S. licenses by Mitsui Petrochemical Industries Ltd., and requires the
respondents, for ten years, to obtain Commission approval before
acquiring any interest in such a company or before entering into
similar agreements.
DATES: Complaint and Order issued May 25, 1995.\1\
\1\Copies of the Complaint and the Decision and Order are
available from the Commission's Public Reference Branch, H-130, 6th
Street & Pennsylvania Avenue, NW., Washington, DC 20580.
FOR FURTHER INFORMATION CONTACT:
Howard Morse or Rhett Krulla, FTC/S-3627, Washington, DC 20580. (202)
326-2949 or 326-2608.
SUPPLEMENTARY INFORMATION: On Friday, January 27, 1995, there was
published in the Federal Register, 60 FR 5414, a proposed consent
agreement with analysis In the matter of Montedison S.p.A., et al., for
the purpose of soliciting public comment. Interested parties were given
sixty (60) days in which to submit comments, suggestions or objections
regarding the proposed form of the order.
No comments having been received, the Commission has ordered the
issuance of the complaint in the form contemplated by the agreement,
made [[Page 31470]] its jurisdictional findings and entered an order to
divest, as set forth in the proposed consent agreement, in disposition
of this proceeding.
(Sec. 6, 38 Stat. 721; 15 U.S.C. 46. Interpret or apply sec. 5, 38
Stat. 719, as amended; sec. 7, 38 Stat 731, as amended; 15 U.S.C.
45, 18)
Benjamin I. Berman,
Acting Secretary.
[FR Doc. 95-14692 Filed 6-14-95; 8:45 am]
BILLING CODE 6750-01-M
