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Bekaert, Pirelli steel-cord deal faces July 30 EU deadline

By Sille Ruubel ( June 25, 2014, 10:53 GMT | Insight) -- Bekaert, the leading maker of steel cord for tires, has filed its plan to buy Pirelli & C.’s steel-cord activities to the European Commission for merger approval. The EU regulator has set an initial July 30 deadline to rule on the deal, which is valued at about 255 million euros.Bekaert, the leading maker of steel cord for tires, has filed its plan to buy Pirelli & C.’s steel-cord activities to the European Commission for merger approval....

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