Connect with us

European Commission

Commission clears acquisition of Arconic by Apollo Management

SHARE:

Published

3 years ago

on

We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. You can unsubscribe at any time.

The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control of Arconic Corporation (‘Arconic') by Arsenal AIC Parent LLC (‘Arsenal Parent'), both of the US.

Arconic produces aluminium flat rolled products, extrusions, as well as building and construction systems used in aerospace, automotive, commercial transportation, brazing and industrial industries. Arsenal Parent is an investment vehicle indirectly controlled by Apollo Management, L.P., a subsidiary of Apollo Global Management, Inc. The latter is active in the manufacturing and supply of semi-finished aluminium products and extrusions through its subsidiary Altermira.

The Commission concluded that the proposed acquisition would raise no competition concerns, given the absence of overlaps and vertical links between the companies' activities in the European Economic Area. The transaction was examined under the simplified merger review procedure.

More information is available on the Commission's competition website, in the public case register under the case number M.11171.

Share this article:

Share this:
Related Topics:
EU Reporter publishes articles from a variety of outside sources which express a wide range of viewpoints. The positions taken in these articles are not necessarily those of EU Reporter. Please see EU Reporter’s full Terms and Conditions of publication for more information EU Reporter embraces artificial intelligence as a tool to enhance journalistic quality, efficiency, and accessibility, while maintaining strict human editorial oversight, ethical standards, and transparency in all AI-assisted content. Please see EU Reporter’s full A.I. Policy for more information.
Advertisement

Trending