BRUSSELS CLEARS ANGLO AMERICAN SHARING CONTROL OF SAMANCOR WITH BHP BILLITON
December 1st, 2014
The European Commission has announced its approval of Anglo American’s purchase of sufficient additional equity in South African manganese ore and manganese alloy company Samancor to secure shared control with BHP Billiton, Samancor’s current controlling shareholder. Brussels’ competition directorate general had reviewed the deal using its powers to block or impose conditions on takeovers that have a significant European impact. But it has announced that it has no concerns about Anglo American buying more of Samancor, in which it currently has a minority ...
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