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08 Nov
18:41

EC raises new concerns over Ilva acquisition

The European Commission (EC) has announced this week that it is opening a formal in-depth investigation on the proposed acquisition of Ilva by the consortium lead by ArcelorMittal. In response to these concerns, the company has offered its full collaboration, Kallanish learns. “The Commission has concerns that the merger may reduce competition for a number of flat carbon steel products,” the statement by the EC says. “With the transaction, Arce…
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