EC approved ArcelorMittal to buy Italian Ilva

The European Commission allowed the international concern ArcelorMittal to acquire the Italian steel producer Ilva, Deutsche Welle reports. According to the EU Commissioner for Competition, Margrethe Vestager, this transaction will not have a negative impact “on the European industry, it employs millions of employees and consumers”. At the same time, the EC demanded that the world's largest steel producer abandon a number of business lines. ArcelorMittal has committed to sell several steel mills in Belgium, the Czech Republic and Romania. These transactions should also be approved by the European Commission.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
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