A PYMNTS Company

India: Competition regulator clears Australian iron merger

By  |  January 27, 2015

The Competition Commission of India approved on Tuesday (Jan. 27) the proposed sale of Larsen and Toubro’s iron manufacturing unit in Coimbatore to Australia-based Bradken Operations.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Larsen and Tourbo manufacture and sell grey iron and spheroidal graphite in India. Bradken manufactures products for the mining and contract manufacturing markets.

    “The commission is of the opinion that the proposed combination is not likely to have an appreciable adverse effect on competition in India and, therefore, the commission hereby approves the proposed combination,” the CCI said.

    Full Content: The Economic Times

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.