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29 Nov
12:19

EU approves Aperam, ELG merger

The European Commission has approved the acquisition of German stainless recycling company ELG Haniel by French stainless steel producer Aperam. “The Commission concluded that the proposed acquisition would raise no competition concerns given that, following the transaction: (i) customers will have the possibility to source stainless steel scrap from several alternative suppliers; and (ii) stainless steel scrap suppliers will have the possibility to diversif…
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