EU approves Arcelor steel JV in Sweden
BRUSSELS, April 10 |
BRUSSELS, April 10 (Reuters) - An ArcelorMittal (ISPA.AS) unit and BE Sverige won permission from the European Commission on Thursday to combine their steel service centres in Sweden in a joint venture.
ArcelorMittal is the world's largest steelmaker and BE group is a steel distribution company.
"The proposed transaction would not impede effective competition in the European Economic Area (EEA) or any substantial part of it," the Commission said in a statement.
(Reporting by David Lawsky)
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