The Competition Commission of Singapore has cleared the proposed acquisition by Denka Performance Elastomer LLC, a joint venture between Denki Kagaku Kogyo Kabushiki Kaisha and Mitsui & Co., Ltd., of the chloroprene rubber business of E.I. du Pont de Nemours and Company. CCS has concluded that the Proposed Transaction will not substantially lessen competition in any market in Singapore, and therefore will not infringe the section 54 prohibition of the Competition Act (Cap. 50B). Denka , Mitsui and DuPont overlap in the supply of chloroprene rubber worldwide, including to Singapore. Denka Performance Elastomer LLC is currently owned by Denka (70%) and Mitsui (30%).