EC clears Marcegaglia for Evraz Italian steel plate mill takeover

摘要

The European Commission has approved Italian steel company Marcegaglia’s pending takeover of plate mill Palini e Bertoli, part of Russian mining and steel group Evraz. Evraz Palini and Marcegaglia Plates are both active in the manufacturing of heavy quarto plates but the proposed acquisition does not raise competition concerns as the companies' combined share of the heavy plate market would be limited, the commission concluded.