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04 Jun
01:00

EU casts eye over SSAB/Rautaruukki merger

The merger process for Swedish steelmaker SSAB’s purchase of Finnish neighbour Rautaruukki by means of a public share exchange offer rolls on, as the EU announces that the transaction may fall within the scope of the EU merger regulation, Kallanish learns from EU sources. The SSAB takeover offer was announced in January 2014 since when due process has continued. The plan is for the two companies to combine under one board headed up by current SSAB CEO …
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