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Europe Daily Bulletin No. 8096

22 November 2001
Contents Publication in full By article 13 / 38
GENERAL NEWS / (eu) eu/competition
Conditional go-ahead to merger between steel companies Usinor, Arbed and Aceralia, giving rise to giant in production sector estimated at 45 million tonnes of crude steel

Brussels, 21/11/2001 (Agence Europe) - Steel producers Usinor, Arbed and Aceralia have, after difficult negotiations and numerous concessions, managed to obtain the approval of European competition authorities for their merger, a challenge that is far from being won in advance. The operation as notified initially would have given the new company, that will be the leading world actor in the sector and provisionally called Newco, the power to hinder effective competition in the EU market for...

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