On Monday 7 May, the European Commission cleared the acquisition of Ilva by ArcelorMittal, subject to a divestment of assets by the Luxembourg company in order to preserve competition on the European steel markets.
This decision follows the opening of an in-depth investigation on 8 November 2017, following the notification of the transaction by the companies, both of which are active in steel (see EUROPE 11901). Whilst discussions were underway between the various parties, the Luxembourg...