01/12/2009 (Agence Europe) - On Tuesday 1 December, the European Commission cleared the proposed acquisition of joint control of Uttam Galva Steels Limited of India by Arcelor Mittal S.A. of Luxemburg and the Miglani family of India. Uttam Galva Steels is a re-roller of flat steel products and a producer of coated steel in India with exports to a number of countries worldwide, including the European Economic Area (EEA). Under the proposed transaction, the Miglani family would sell part of its controlling stake to ArcelorMittal, which in turn has also launched a public offer to acquire additional shares. After its examination, the Commission found that the proposed concentration would not give rise to any competition concerns given Uttam Galva Steel's limited export of small amounts of steel to the EEA. (A.B./transl.fl)