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EC approves Metinvest's takeover of ArcelorMittal Tubular Products lasi

EC approves Metinvest's takeover of ArcelorMittal Tubular Products lasi
The European Commission has announced that it has approved the takeover by the Ukrainian metallurgical and mining group Metinvest of the Romanian company ArcelorMittal Tubular Products Iasi S.

A. (AMTP Iasi). The Ukrainian metallurgical Group submitted an application for acquisition in October of this year, as previously reported by SteelOrbis.

Lack of competitive risks in the pipe segment

The deal involves Metinvest obtaining sole control over the Romanian manufacturer of small-sized welded carbon steel pipes AMTP Iasi. After examining the combined market presence of the companies in their respective product segments, the Commission concluded that the merger would not significantly hinder competition.

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