EC Approves Acquisition of Duferdofin Nucor by BB Holding
The European Commission, under the EU Merger Regulation, has approved the acquisition of Duferdofin Nucor Srl of Italy by BB Holding Investment SA of
The European Commission, under the EU Merger Regulation, has approved the acquisition of Duferdofin Nucor Srl of Italy by BB Holding Investment SA of Luxembourg. The Commission concluded that the proposed acquisition would raise no competition concerns given that BB Holding Investment already had joint control over Duferdofin-Nucor before the transaction. The transaction was examined under the simplified merger review procedure.
On 28 October 2020, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 by which BB Holding Investment SA shall acquire sole control over Duferdofin Nucor Srl and its subsidiaries, previously jointly controlled together with Nucor European Holdings BV.
Duferdofin Nucor manufactures and distributes carbon steel products such as blooms, billets and rounds, and finished long products, in particular heavy sections beams. BB Holding Investment manages companies active in energy, shipping and steel, where it is primarily active in the trading and distribution of steel products