THE EUROPEAN Commission has approved the takeover of Italian copper production holding company Generale Industrie Metallurgiche SpA (GIM), of Italy, by Milan-based finance house INTEK SpA, which is controlled by Quattroduedue Holding BV, of the Netherlands. GIM companies produce and distribute copper and copper alloy products, operating 18 production plants located in Britain, Italy, Germany, Spain and China. Brussels imposed no conditions on approving the deal.

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