BRUSSELS CLEARS THYSSEN GESTAMP AUTO METAL DEAL
July 1st, 2011
BY KEITH NUTHALL
THE PLANNED takeover of Germany's ThyssenKrupp Metal Forming (TKMF) by Spanish-owned Gestamp Automoción has cleared a major hurdle, receiving regulatory approval from the European Commission. It has cleared the deal without condition, using its European Union (EU) competition powers. Following an investigation, the Commission said it had concluded "the transaction would not significantly impede effective competition in the European Economic Area [the EU, plus Norway, Iceland and Liechtenstein] or any substantial part of it." This is ...
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