Reuters quoted Mr Mika Seitovirta CEO of Outokumpu as saying that he is confident anti trust regulators would approve the Finnish company's proposed takeover of ThyssenKrupp's stainless steel unit Inoxum.

He said that "We have done our homework...we are confident they will be responsive."

Asked why it was expected to take until the end of 2012 to obtain anti trust approval, he said that "Because everything is subject to authorities' approval. They need the time. There's nothing we can do."

(Sourced from www.reuters.com)