Press Release: Mergers: Commission clears proposed acquisition of Corus by Tata Steel

The European Commission has cleared under the EU Merger Regulation the proposed acquisition by the Indian steel producer Tata Steel of Corus Group plc, a manufacturer of carbon steel and aluminium products based in Europe. The Commission’s investigation has found that the proposed transaction would not impede effective competition in the European Economic Area (EEA) or any substantial part of it, as the parties activities only overlap to a limited extent.