The EU Commission prohibits a merger in the rolled copper products market (Wieland / Aurubis / Schwermetall)

Mergers: Commission prohibits Wieland's proposed acquisition of Aurubis Rolled Products and Schwermetall* The European Commission has prohibited, under the EU Merger Regulation, Wieland's proposed acquisition of Aurubis Rolled Products and Aurubis' stake in Schwermetall. It had serious concerns the merger would reduce competition and increase prices for rolled copper products used by European manufacturers. Commissioner Margrethe Vestager, in charge of competition policy, said: “Rolled copper products are a key input for many industries in Europe, including for producing parts used in cutting edge sectors such as electric cars, trains and electronic devices. The proposed merger would have created a new dominant player, significantly reducing competition for rolled copper products

Access to this article is restricted to subscribers

Already Subscribed? Sign-in

Access to this article is restricted to subscribers.

Read one article for free

Sign-up to read this article for free and discover our services.

 

PDF Version

Author

Quotation

European Commission, The EU Commission prohibits a merger in the rolled copper products market (Wieland / Aurubis / Schwermetall), 6 February 2019, e-Competitions Bulletin February 2019, Art. N° 89227

Visites 105

All issues

  • Latest News issue 
  • All News issues
  • Latest Special issue 
  • All Special issues