The U.S. Federal Trade Commission has approved a settlement that resolves objections to formation of Montell Polyolefins, a $6 billion joint venture between Montedison SpA and Royal Dutch/Shell. FTC had alleged the joint venture between the world's largest polypropylene producers could have reduced competition in several polypropylene and related polypropylene production and licensing markets and reduce U.S. export sales. Royal Dutch said FTC's agreement will enable the companies to start the countdown to have Montell Polyolefins up and running as close as possible to the Mar. 1 start-up permitted by FTC. Montell will have its h...

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