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EU antitrust regulators to investigate ArcelorMittal-Ilva deal

Reuters  |  BRUSSELS 

By Foo Yun CheeBRUSSELS (Reuters) - EU antitrust regulators will investigate whether ArcelorMittal's proposed purchase of Italian steel plant Ilva will lead to price hikes, a move likely to force the steelmaker to offer more concessions to address competition concerns.ArcelorMittal, the world's largest steelmaker, reached a 1.8-billion-euro ($2.1 billion) deal to acquire Europe's biggest capacity steel plant in June. The loss-making plant in Taranto in Italy's south is grappling with a serious pollution issue.The European Commission opened a full-scale investigation on Wednesday, voicing ...

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First Published: Thu, November 09 2017. 06:55 IST