Press Release: Mergers: Commission approves steel distribution joint venture between MPC, Grupo Villacero and MAN

The European Commission has cleared, under the EU Merger Regulation the proposed joint-venture between Münchmeyer Petersen & Co (MPC) of Germany, Grupo Villacero (Viga-Villacero) of Mexico and MAN AG of Germany. The proposed concentration would result in MPC, Viga-Villacero and MAN combining their worldwide activities in non-stockholding steel distribution. The Commission concluded that the transaction would not significantly impede effective competition in the European Economic Area (EEA) or a substantial part of it.