Prior notification of a concentration (Case M.10096 — Invitalia/ArcelorMittal/AM InvestCo) Candidate case for simplified procedure (Text with EEA relevance) 2021/C 21/06
Grade B
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Not the law itself: Notice
Address https://gelex.eu/eli/EU/notice/oj/C/2021/21/06@2021-01-20/en
Contents
On 6 January 2021, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004. This notification concerns the following undertakings:
Agenzia nazionale per l’attrazione degli investimenti e lo sviluppo d’impresa S.p.A. (Invitalia, Italy),
ArcelorMittal S.A. (ArcelorMittal, Luxembourg),
AM InvestCo Italy S.p.A. (AM InvestCo, Italy), controlled by ArcelorMittal.
Invitalia and ArcelorMittal acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint control of the whole of AM InvestCo. The concentration is accomplished by way of purchase of shares. The business activities of the undertakings concerned are:
for Invitalia: an Italian national agency for inward investment and economic development, currently controlling several businesses active in the sectors of telecommunications infrastructure, banking, tourism and urban development,
for ArcelorMittal: a global steel and mining company, whose principal business is the production, distribution, marketing, and sale of steel products for various applications including automotive, construction, household appliances, and packaging. It produces a range of steel semi-finished and finished products, including flat and long carbon steel products,
for AM InvestCo: a subsidiary of ArcelorMittal, which controls certain Italian steel business units owned by the Ilva Group active in the production, processing and distribution of flat carbon steel products and welded steel tubes.
On preliminary examination, the Commission finds that the notified transaction could fall within the scope of the Merger Regulation. However, the final decision on this point is reserved. Pursuant to the Commission Notice on a simplified procedure for treatment of certain concentrations under the Council Regulation (EC) No 139/2004 it should be noted that this case is a candidate for treatment under the procedure set out in the Notice. The Commission invites interested third parties to submit their possible observations on the proposed operation to the Commission. Observations must reach the Commission not later than 10 days following the date of this publication. The following reference should always be specified: M.10096 — Invitalia/ArcelorMittal/AM InvestCo Observations can be sent to the Commission by email, by fax, or by post. Please use the contact details below: Email: COMP-MERGER-REGISTRY@ec.europa.eu Fax +32 22964301 Postal address: European Commission Directorate-General for Competition Merger Registry 1049 Bruxelles/Brussel BELGIQUE/BELGIË