The mining and metallurgical group Metinvest intends to acquire a pipe plant in Romania (Tubular Products Iasi S.A., AMTP Iasi) from ArcelorMittal, which is controlled by ArcelorMittal S.A. (Luxembourg). According to a preliminary notification from the European Commission on the concentration, on October 21 of this year, the EC’s Directorate-General for Competition received a notification of the proposed concentration in accordance with the Council Regulation (EU).
It is specified that the concentration will be carried out through Metinvest’s acquisition of shares in AMTP Iasi.
After preliminary consideration, the Commission considers that the transaction may fall within the scope of the Merger Regulation. However, the final decision on this matter remains with the Commission.
The Commission invites interested third parties to submit their possible observations on the proposed concentration to the Commission.
AMTP Iasi, registered in Romania, is active in the production and supply of small welded carbon steel pipes.
Metinvest is a vertically integrated group of mining and metallurgical companies. Its enterprises are located in Ukraine, in the Donetsk, Luhansk, Zaporizhia, and Dnipropetrovsk regions, as well as in the European Union, the United Kingdom, and the United States. The main shareholders of the holding company are SCM Group (71.24%) and Smart Holding (23.76%). Metinvest Holding LLC is the management company of the Metinvest Group.
