The French Competition Authority clears a merger in the metalworking market (Ascoval / British Steel)

Metalworking industry* The Autorité de la concurrence clears the takeover of the Ascoval company by the British Steel group. After the decision of the Strasbourg General court of first instance of 2 May 2019, which validated the takeover of the steel plant Ascoval by the British Steel group, the Autorité de la concurrence issues today a clearance, in accordance with the merger control, which confirms this takeover. On 16 April 2019, the steel group British Steel, through the investment company Olympus Steel, notified its plan to take control of the Ascoval company in the context of the opening of a judicial reorganisation proceedings at the

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French Competition Authority, The French Competition Authority clears a merger in the metalworking market (Ascoval / British Steel), 17 May 2019, e-Competitions Bulletin June 2019, Art. N° 90620

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