Press Release: Mergers: Commission approves proposed acquisition by Freeport-McMoRan Copper & Gold Inc. of Phelps Dodge Corporation

The European Commission has cleared under the EU Merger Regulation the proposed acquisition by Freeport-McMoRan Copper & Gold Inc. (“FCX”) of Phelps Dodge Corporation, both based in the United States. The Commission concluded that the proposed operation would not significantly impede effective competition in the European Economic Area (EEA) or any substantial part of it.