NEWS
IRON and STEEL   Metallurgical Machinery & Equipment  

Metso-Outotec merger cleared by European Commission

Metso and Outotec Oyj received on Wednesday an unconditional merger control clearance from the European Commission for the combination of Metso’s Minerals business with Outotec.

Markku Teräsvirta, President and CEO, Outotec, Matti Alahuhta, Chairman, Board of Outotec Mikael Lilius, Chairman, Board of Metso Pekka Vauramo, and President and CEO, Metso. Image from Metso.

 

 

The companies also received clearances also from the competition authorities of a number of other jurisdictions, including Canada, Chile and Turkey.

Metso said it expects the completion of the combination to take place on June 30, 2020.

When merged, the new company will have 15,600 employees, and had illustrative 2018 combined sales and adjusted EBITA of €3.9 billion.

Metso shareholders will own 78% and Outotec shareholders 22% of the combined company.

News No: 9522
Date: 2020/05/14 - 19:58
News Source: Mining.com

Metso  Outotec  European Commission 

Comments:

Leave a Comment:

   
   
   
 

European Commission working on sustainable battery rules

A report by S&P Global Platts states that the European Commission plans to propose EU sustainable battery rules by October.
 

The Finnish Financial Supervisory Authority has approved a supplement to the prospectus prepared for the combination of Outotec and the Metso Minerals Business

The Finnish Financial Supervisory Authority has today on May 20, 2020, approved a supplement to the Finnish language demerger prospectus (the “Prospectus”) relating to the combination of Outotec Oyj (“Outotec”) and Metso Corporation’s (“Metso”) Minerals business (the “Metso Minerals Business”).
 

EU says remains committed to nuclear deal

Maja Kocijancic, a spokeswoman for the European Commission, said on Monday that the European Union remains committed to 2015 nuclear deal, officially known as the JCPOA.
 

The Finnish Financial Supervisory Authority has approved a supplement to the prospectus prepared for the combination of Outotec and the Metso Minerals Business

The Finnish Financial Supervisory Authority has today on October 25, 2019, approved a supplement to the Finnish language demerger prospectus (the “Prospectus”) relating to the combination of Outotec Oyj (“Outotec”) and Metso Corporation’s (“Metso”) Minerals business (the “Metso Minerals Business”).
 

Iran-EU trade at €3b in 7 months

The trade between Iran and European Union countries during the first seven months of 2019 stood at €3.087 billion, Tasnim news agency reported.
 

Metso and sustainability – our agenda is clear

There are many views and definitions of what sustainability means and how to achieve it. At Metso, the idea of sustainability has been a part of our solutions in the form of production efficiency and equipment durability since the very beginning. Today, sustainability thinking is an integral aspect across our operations, and we drive an extensive sustainability agenda covering the most material topics.
Upcoming Events
Publications
 Mines & Metals

Mine & Business Today

 Scrap & Recycling

Ahangan

Our partners