ArcelorMittal/Ilva (M.8444) [Archived]
ArcelorMittal/Ilva (M.8444) [Archived]

The following Competition practice note provides comprehensive and up to date legal information covering:

  • ArcelorMittal/Ilva (M.8444) [Archived]
  • Case facts
  • Timeline

CASE HUB

ARCHIVED–this archived case hub reflects the position at the date of the decision of 7 May 2018; it is no longer maintained.

See further, timeline.

Case facts

OutlineEuropean Commission merger investigation into the proposed acquisition of Ilva by ArcelorMittal (Case M.8444). The transaction involves horizontal overlaps in markets for flat carbon steel.

Latest developmentOn 7 May 2018, the Commission conditionally approved the transaction, subject to commitments.

In terms of commitments, the Commission has accepted a package of remedies that will see the divestment of:
• production assets in Belgium, the Czech republic, Luxembourg, Italy, Romania and Macedonia, and
• distribution assets in France and Italy.

PartiesArcelorMittal S.A. is a Luxembourg-based multinational steel manufacturing, listed on stock exchanges in Amsterdam, Barcelona, Bilbao, Luxembourg, Madrid, New York, Paris and Valencia. ArcelorMittal is the world's leading steel and mining company, with a presence in 60 countries and with industrial production facilities in 18 countries.

Ilva S.p.A., currently controlled by the Italian government, is a manufacturer of flat carbon steel. Its production facilities are located in Italy, the main site being the integrated steelworks in Taranto, Southern Italy.

BackgroundUnder the transaction, announced on 16 June 2017, a consortium led by ArcelorMittal is to acquire Ilva from the Italian Government through AM Investco Italy Srl (AM Investco). AM Investco will first lease the assets

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