EUROPEAN COMMISSION APPROVES SCHOLZ AND TOYOTA TSUSHO MERGER
June 6th, 2014
The European Commission has approved the acquisition of a 39% stake in German scrap metal processing company Scholz AG by Toyota Tsusho Corporation (TTC), the trading arm of the Japanese industrial conglomerate Toyota. A Commission note said that the move would not damage competition within the European Union (EU) scrap market, deeming it “compatible with the internal market” of the EU. That acquisition of a 39.9% stake in Scholz by TTC does not interfere with competition in the European market. Scholz is a Germany-based recycling company and trading firm ...
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