26 May 2020
Outotec’s acquisition of Metso Minerals cleared unconditionally by EC in Phase I
On 13th May 2020, the European Commission (EC) issued a 102-page decision approving unconditionally Outotec’s acquisition of Metso Minerals, following an extensive investigation in pre-notification and Phase I.
Both parties are active throughout the mining minerals processing value chain and the acquisition gave rise to appreciable overlaps in several markets.
RBB assisted the parties to demonstrate that mining capital equipment markets are now in fact global, contrary to previous decisions. The EC also took on board RBB’s closeness of competition analyses which showed that the parties are not each other’s closest competitors and face significant and increasing competition from Chinese rivals.
Working alongside White & Case and Hannes Snellman, RBB assisted the Parties in proceedings before the EC as well as in several other jurisdictions, including Canada, India, Australia, Russia, South Africa, Chile and COMESA.