The mining and metallurgical group Metinvest intends to acquire from the ArcelorMittal corporation a pipe plant in Romania (Tubular Products Iasi S.
A., AMTP Iasi), controlled by ArcelorMittal S.
A. (Luxembourg). According to the European Commission's previous notification on concentration, on 21 October this year the EU DG Competition received a statement of proposed concentration in accordance with Council Regulation (EC).
It is clarified that the concentration is carried out through Metinvest's acquisition of shares in AMTP Iasi.
After a preliminary review, the commission considers that the agreement may be subject to merger regulation. However, the final decision on this issue remains with it.
The Commission invites interested third parties to submit comments to the Commission on the proposed concentration.
AMTP Iasi, registered in Romania, is active in the production and supply of small welded carbon steel pipes.
Metinvest is a vertically integrated group of mining and metallurgical enterprises. Its enterprises are located in Donetsk, Lugansk and Dnepropetrovsk regions, as well as in the European Union, Great Britain and the USA. (71.24%) and Smart Holding (23.76%). Metinvest Holding LLC is the management company of the Metinvest group.
