The EU Commission approves a company as a suitable purchaser of several steel plants (Liberty House Group / ArcelorMittal)

Mergers: Commission approves Liberty House Group purchase of ArcelorMittal's divestment businesses* The European Commission has approved, under the EU Merger Regulation, Liberty House Group as a suitable purchaser of several ArcelorMittal steel plants, sold under commitments made by ArcelorMittal in order to buy Ilva. The Commission has also approved the transaction itself under EU merger rules. In May 2018, the Commission approved the acquisition of Ilva by ArcelorMittal, subject to conditions. In particular, ArcelorMittal was required to sell a large package of steel plant assets to a suitable purchaser. The divestiture was proposed by ArcelorMittal to address the Commission's concerns regarding effective competition in European hot rolled, cold rolled and galvanised flat carbon

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European Commission, The EU Commission approves a company as a suitable purchaser of several steel plants (Liberty House Group / ArcelorMittal), 17 April 2019, e-Competitions Bulletin April 2019, Art. N° 90384

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