[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.
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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
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