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17 Mar

European Commission assesses Marcegaglia’s Severstal Distribution acquisition plan

Marcegaglia plans to acquire Latvia-headquartered Severstal Distribution SIA from Russian steelmaker Severstal, Kallanish notes from a European Commission Directorate-General for Competition notice. The Italian steel processing group’s Marcegaglia Carbon Steel subsidiary would thereby acquire full control over the Riga-based service centre, as well as its subsidiaries Severstal Distribution Sp.z.o.o. in Poland and Severstal Distribution OOO in Ukraine. …
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