UKRAINE STEEL DEAL GETS EUROPEAN COMMISSION COMPETITION APPROVAL
September 1st, 2010
BY KEITH NUTHALL
THE EUROPEAN Commission has granted the planned merger between Ilyich Iron & Steel (IISW) and Netherlands-based holding company Metinvest European Union (EU) competition approval, without imposing conditions. Brussels' decision means Metinvest, which already controls integrated metals production and mining assets in Ukraine, can assume sole control of IISW's two companies PJSC Ilyich-Steel and PSC Ilyich Iron and Steel Works. They operate fully-integrated steelworks in the Ukraine, specialising in flat finished products. The Commission ...
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