Merger Notification - Announcement according to § 10 Cartel Act

ArcelorMittal S.A.; Cleveland-Cliffs Inc. - BWB/Z-5078 | Bundeswettbewerbsbehörde

ArcelorMittal S.A.; Cleveland-Cliffs Inc.



On 03.11.2020 the following merger was notified at the Federal Competition Authority:

Planned purchase process

ArcelorMittal S.A. (Luxembourg) intends to acquire a non-controlling shareholding of more than 25% in Cleveland-Cliffs Inc. (USA). The Transaction concerns the steel sector (Austrian NACE Code: C 24.1 – Production of basic iron, steel, and ferro-alloys).

Industry sector: C - Verarbeitendes Gewerbe/Herstellung von Waren

Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 01.12.2020.

Entrepreneurs whose legal or economic interests are affected by the merger can bring in a written statement at the Federal Competition Authority or the Federal Cartel Prosecutor within 14 days from publication date.

Note: The intervening party has no right to a certain treatment of the statement and will not gain a party position.

Non-prohibition of the merger

The Federal Competition Authority and the Federal Cartel Prosecutor have not applied for examination of the merger by the Cartel Court. The standstill obligation (§ 17 (1) Cartel Act) ends with effect from 02.12.2020 .

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