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EC approves Marcegaglia’s acquisition of Latvia’s Severstal Distribution

Friday, 07 April 2023 11:13:38 (GMT+3)   |   Istanbul

The European Commission (EC) has announced that it has approved the acquisition of Latvia-based SIA Severstal Distribution from Russian steelmaker Severstal by Marcegaglia Carbon Steel, a subsidiary of Italian steel processor Marcegaglia Group.

The commission concluded that the acquisition would not raise competition concerns.

The transaction will involve Severstal Distribution’s Poland-based subsidiary Severstal Distribution Sp.z.o.o. and Ukraine-based subsidiary Severstal Distribution OOO, as SteelOrbis previously reported.


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