BRUSSELS APPROVES TAKEOVER OF LUXEMBOURG-BASED METALLUM
August 1st, 2013
The European Commission has today (Friday August 23) approved the acquisition of Luxembourg-based non-ferrous metal company Metallum Holding by American private equity investment firm TowerBrook Capital. The Commission, acting as the European Union’s (EU) senior competition regulator, waved the deal through as using a fast track procedure. It imposed no conditions on its approval. A Commission communiqué explained: “The proposed acquisition would not raise competition concerns”, nothing there were no overlaps or links between the Metallum’s business ...
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