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Europe Daily Bulletin No. 12188

7 February 2019
ECONOMY - FINANCE - BUSINESS / Competition
Commission vetoes proposed acquisition of Aurubis Rolled Products and Schwermetall by Wieland
Brussels, 06/02/2019 (Agence Europe)

The European Commission rejected on Wednesday 6 February, the proposed acquisition of Aurubis Rolled Products by Wieland and Aurubis’ shareholding in Schwermetall, on the grounds of the impact that these transactions could have had on competition in the market for rolled copper products.

"With the merger, Wieland would have become the dominant player in the market for rolled copper products. It would have had a market share in Europe of over 50%, with only one other competitor with a...

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