The EU Commission clears a merger subject to remedies on the European steel market (ArcelorMittal / Ilva)

MERGERS: COMMISSION CLEARS ARCELORMITTAL'S ACQUISITION OF ILVA, SUBJECT TO CONDITIONS* The European Commission has approved under the EU Merger Regulation the acquisition of Ilva by ArcelorMittal. The decision is conditional on the divestiture of an extensive remedy package to preserve effective competition on European steel markets to the benefit of consumers and businesses. Today's decision follows an in-depth review of the deal, which combines ArcelorMittal, the largest producer of flat carbon steel in Europe and worldwide, with the main assets of Ilva, notably its steel plant in Taranto, Italy, which is Europe's largest single-site integrated flat carbon steel plant. Both companies are significant producers in Europe of hot rolled, cold rolled and galvanised flat carbon steel.

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European Commission, The EU Commission clears a merger subject to remedies on the European steel market (ArcelorMittal / Ilva), 7 May 2018, e-Competitions Merger Remedies, Art. N° 87065

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