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Phase II review for merger creating Europe’s largest stainless steel maker

By  |  May 22, 2012

The European Commission has opened a Phase II in-depth investigation into Outokumpu’s proposed $3.45 billion acquisition of Inoxum. Outokumpu is a Finnish stainless steel company; Inoxum is the stainless steel division of Germany’s ThyssenKrupp. A preliminary investigation by the Commission revealed concerns in the markets for the production and distribution of slabs, hot rolled and cold rolled stainless steel products. The merged entity would create the largest European stainless steel maker, and the transaction would leave only three integrated producers of stainless steel flat products in the EEA.

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    Related content: European Commission Decisions on Competition: Landmark Antitrust and Merger Cases from an Economic Point of View

     

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