BRUSSELS CLEARS BRAZILIAN TAKEOVER OF GERMAN AND SPANISH STEEL FIRMS
July 1st, 2011
BY KEITH NUTHALL
THE EUROPEAN Commission has today (July 15) approved without conditions the planned takeover by Brazilian steel and mining company CSN of one German and two Spanish steel companies. Following a fast-tracked inquiry by the Commission's competition directorate general, Brussels approved CSN's purchase of Stahlwerk Thüringen, which makes of semi-finished and long steel products; as well as semi-finished and long steel maker Corrugados Azpeitia; and Corrugados Lasao which manufactures steel electro welded mesh.
ENDS
THE EUROPEAN Commission has today (July 15) approved without conditions the planned takeover by Brazilian steel and mining company CSN of one German and two Spanish steel companies. Following a fast-tracked inquiry by the Commission's competition directorate general, Brussels approved CSN's purchase of Stahlwerk Thüringen, which makes of semi-finished and long steel products; as well as semi-finished and long steel maker Corrugados Azpeitia; and Corrugados Lasao which manufactures steel electro welded mesh.
ENDS
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