EU Clears Proposed Acquisition Of ATIC By ArcelorMittal
02 Dicembre 2011 - 12:15PM
Dow Jones News
The European Commission cleared Friday the proposed acquisition
of ATIC Services Group of France by ArcelorMittal Netherlands BV.
(MT)
"[The] Commission concluded that ArcelorMittal would have
neither the ability nor the incentive to prevent its steel
competitors from importing iron ore and coal to an extent that
would affect competition in the EU," the commission said in a
statement.
In its assessment, the commission took into consideration that
terminal handling costs amount for only a small proportion of the
overall steel production costs.
ATIC provides services to the coal industry, such as sourcing,
transport, handling, quality control, and bulk logistics.
-By Riva Froymovich, Dow Jones Newswires; +32 2 741 1489;
riva.froymovich@dowjones.com
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