Romania, talks on Brussels about ArcelorMittal’s acquisition of Ilva

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Deputy Prime Minister Viorel Stefan met with Commissioner Margrethe Vestager, in charge of competition policy in Brussels, the discussions at the meeting being related to the implications of the European Commission’s decision on conditional approval of the acquisition of Ilva by ArcelorMittal, as gov.ro informs in a press release.

In this context, Deputy Prime Minister Viorel Stefan reiterated the special attention that the Romanian Government attaches to the situation of the Sidex Galati, the document reads.

With this occasion, Romanian official stressed the importance of a constant dialogue between the Commission and the Executive in Bucharest on the developments in all the procedural steps of the selection and approval process of the future buyer.

At the meeting, attended also by the President of the Competition Council, Bogdan Chiritoiu, it was stressed the need to protect the competitive capacity of the ArcelorMittal unit in Galati, its strategic importance from a social and economic point of view, the imperative of securing jobs, namely the need for the purchaser be viable, to have relevant competence and to have the financial resources to maintain and develop Sidex activities.

On May 7, the European Commission has approved under the EU Merger Regulation the acquisition of Italy’s Ilva, the largest producer of flat carbon steel in Europe and worldwide, by ArcelorMittal, world‘s leading integrated steel and mining company.

The decision is conditional on the divestiture of an extensive remedy package to preserve effective competition on European steel markets to the benefit of consumers and businesses.

 

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