FUCHS DEAL
November 1st, 2004
BY KEITH NUTHALLTHE EUROPEAN Commission has approved the acquisition by Germany's Mannesmannröhren-Werke AG (MRW) of German company Fuchs. MRW produces and distributes steel tubes as well as steel and input stock for the production of tubes. Its parent company Salzgitter - also a German company - manufactures steel products, including large welded diameter tubes. Meanwhile, Fuchs makes and sells welded non-precision steel tubes. Imposing no conditions on the deal, the Commission approved the purchase under its fast-track simplified merger review procedure. The ...
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