Commission authorises acquisition of Sogerail (France) by British Steel (UK)
Jurisdiction | Ireland |
Judgment Date | 03 August 1999 |
Date | 03 August 1999 |
Docket Number | 99/614 of 4 August 1999 |
Court | Competition Authority (Ireland) |
COMPETITION AUTHORITY
99/614 of 4 August 1999
Steel - ECSC - rails -
The European Commission has authorised the acquisition of Sogerail by British Steel, an operation which will make British Steel the largest producer of rails in the European Union.
British Steel plc is already a major integrated steel maker with production facilities in Europe and in the USA. It produces a wide variety of hot and cold rolled steel products, including rails for public transport. The company being acquired, the French rail producer Sogerail, is a wholly-owned subsidiary of Usinor, and is one of largest European rail producers.
After the acquisition, British Steel will have a share of about 30% of the European Economic Area rail market. However, it will face competition from other...
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