The European Commission cleared Friday French chemical company Arkema SA (AKE.FR) to buy some assets, including a resins business, of France's energy giant Total SA (TOT).

"After examining the operation, the Commission concluded that the transaction wouldn't significantly impede effective competition," the body, which has antitrust powers within the European Union, said in a statement.

-By Alessandro Torello, Dow Jones Newswires; +32 2 741 14 88; alessandro.torello@dowjones.com
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