Brussels, 03/07/2001 (Agence Europe) - The European Commission has decided to launch an in-depth investigation into the planned takeover of Brazilian-based mining company Caemi by CVRD, another Brazilian mining firm, and Japanese trading company Mitsui. The Commission believes there the merger poses serious competition concerns which could have an adverse effect on EU steel producers.
Under the terms of the proposed operation, Companhia Vale do Rio Doce (CVRD) and Mitsui & Co Ltd (Mitsui)...