The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of two Italian steel service centres (the ‘Ilva SSCs') by ArcelorMittal SA of Luxembourg and Coils Lamiere Nastri SpA (‘CLN') of Italy. The Ilva SSCs are two steel service centres located in Legarno and Paderno Dugnano, which were part of the Ilva assets acquired by ArcelorMittal...
The Commission cleared the acquisition of control of Ilva's assets (including the concerned steel service centres) by ArcelorMittal in May 2018 (case M.8444). ArcelorMittal is active in the production, distribution, marketing and sale of steel products. CLN is active in the production of steel automotive components and steel wheels, and distribution of steel products. The Commission concluded that the proposed transaction would raise no competition concerns because: (i) there are only minimal horizontal overlaps between the activities of the companies, and (ii) the vertical links between ArcelorMittal's upstream activities and Ilva SCCs' distribution activities are pre-existing to the transaction. The transaction was examined under the normal merger review procedure. More information is available on the Commission's competition website, in the public case register under the case number M.9317.