Brussels, 09/10/2001 (Agence Europe) - The European Commission has cleared the creation of a scrap iron joint venture between Germany's Scholz AG and ALGA AG & Co. Scholz will take a 50% stake in ELSA GmbH, a wholly-owned subsidiary of ALBA. This would make ELSA a 50/50 joint venture whereby the two partners will pool their iron and other scrap metal activities in the Magdeburg-Leipzig-Halle-Dassau area in eastern Germany. Following its initial investigation, the Commission ruled that the...