AUSTRIAN SCRAP METAL DEAL APPROVED BY EU
May 1st, 2012
BY ALAN OSBORN
A takeover in the Austrian scrap metal sector now looks likely to go ahead after the deal secured competition approval from the European Commission. It has green-lighted without conditions the purchase by Scholz Austria of Recyclingpark Eisenerz (RPE), which operates a mechanical waste treatment plant in the mountainous Styria area of Austria; the Commission fast-tracked its decision under its 'simplified procedure'. Under the deal RPE, which is currently controlled by the Asamer group of Austria, will become jointly owned by Asamer and
Scholz, ...
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