The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control of seven subsidiaries controlled by Swiss Steel Holding AG, based in Switzerland, by Jacquet Metals S.A., based in France, based in France.

The transaction mainly concerns the steel products distribution sector in Estonia, Hungary, Latvia, Lithuania, Poland, the Czech Republic and Slovakia.

The Commission concluded that the proposed acquisition would not raise competition concerns, given its limited impact on competition in the markets where the parties are active.

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