The European Commission authorizes an acquisition in the mining industry concluding that the change from joint to sole control does not give rise to new competition concerns (Caemi/CVRD)

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Reference

European Commission, 18 July 2003, Case COMP/M.3161, Caemi/CVRD

"Merger control: main developments between 1st May and 31st August 2003"* In July the Commission authorised CVRD‘s proposed acquisition of sole control of Caemi, currently controlled by the Japanese iron ore trader Mitsui and CVRD. CVRD acquired joint control of Caemi as a result of a transaction that the Commission had cleared subject to conditions in October 2001. The Commission concluded that the change from joint to sole control did not give rise to new competition concerns. CVRD (Companhia

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Ulrich von Koppenfels, John Gatti, Mary Loughran, The European Commission authorizes an acquisition in the mining industry concluding that the change from joint to sole control does not give rise to new competition concerns (Caemi/CVRD), 18 July 2003, e-Competitions Bulletin July 2003, Art. N° 38412

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