The EU Commission clears the acquisition by a Swedish steelmaker of its Finnish rival, subject to the divestment of five businesses in Finland, Sweden, and Norway (SSAB / Rautaruukki)

"Viking Steel: the SSAB / Rautaruukki merger"* The SSAB / Rautaruukki case gives insight into the Commission's approach to market definition in merger cases. The case confirms that the Commission's approach is case-specific, and driven by the issues at stake in a given case rather than a mechanical transposition of its precedents. The case also features an access remedy, confirming that the Commission seeks remedies that target the actual concern identified in its investigation. Introduction On 14 July 2014, the Commission cleared the acquisition by the Swedish steelmaker SSAB of its Finnish rival Rautaruukki (Ruukki), subject to the divestment of five businesses in Finland, Sweden and Norway. The merging firms were both producing and supplying steel products, with a particular

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Authors

  • French Ministry of Economy and Finance (Paris)
  • European Commission (Brussels)
  • DG COMP (Brussels)

Quotation

Joachim Bokobza, Massimiliano Kadar, Jani Ringborg, The EU Commission clears the acquisition by a Swedish steelmaker of its Finnish rival, subject to the divestment of five businesses in Finland, Sweden, and Norway (SSAB / Rautaruukki), 14 July 2014, e-Competitions July 2014, Art. N° 69919

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