The European Commission has today concluded that the proposed reacquisition of Acciai Speciali Terni (AST) and Outokumpu VDM (VDM) by ThyssenKrupp AG (TK) is in line with the EU merger regulation and does not compromise competition.

As Commission Vice President in charge of competition policy Joaquín Almunia stated: "Our priority was to ensure that, despite the challenging market conditions, the Terni steel plant would find as rapidly as possible a suitable purchaser, and to protect its viabi...

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