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EC Statement: Mergers: Commission opens in-depth investigation into proposed acquisition of Inoxum by Outokumpu in stainless steel sector

( May 22, 2012, 07:30 GMT | Official Statement) -- MLex Summary: The European Commission has opened an in-depth probe of plans by Finnish steel company Outokumpu to acquire ThyssenKrupp's stainless steel division Inoxum. After a preliminary investigation, the regulator has found that the deal might trigger serious competition issues in various markets for the production and distribution of stainless steel flat products where the combined shares of the merged entity would be significant. The commisison has until 26 September 2012 to take a final decision on the transaction.The full press release follows:...

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