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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