KUMBA-ANGLO DEAL

BY KEITH NUTHALLTHE EUROPEAN Commission has decided that it will not use its international merger control powers to oppose Anglo American's bid for complete control of South-African mining company Kumba Resources, having examined the two players' overlap in zircon and titanium dioxide. Brussels has announced that there is sufficient outside competition to allay any fears of the merged business gaining an anti-competitive dominant position. Its decision follows Anglo's announcement of a public offer to purchase all the remaining shares in Kumba Resources, in which ...


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