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Image header Agence Europe
Europe Daily Bulletin No. 10422
Contents Publication in full By article 29 / 33
GENERAL NEWS / (ae) eu/competition

19/07/2011 (Agence Europe) - Mergers: TKMF/Gestamp. On 19 July, the European Commission cleared the proposed acquisition of ThyssenKrupp Metal Forming (TKMF) of Germany by Gestamp Automoción, controlled by Corporación Gestamp S.L. of Spain. TKMF is a group of companies active in the manufacture and supply of body and chassis stampings and assemblies to the automotive sector. Gestamp supplies metal components, modules and systems for the automotive industry sector. The Commission concluded that the transaction, of which it was notified on 10 June 2011, would not significantly impede effective competition on the markets affected (the manufacture and supply of structural chassis assemblies, foot controls, hinge systems and steel service centres used in the automotive industry as input for automotive components). (F.G./transl.rt)

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