Europe approves RHI Magnesita merger with conditions
Published: Wednesday, 28 June 2017
RHI will have to divest its dolomite operation at two production sites in Spain and Italy, while Magnesita’s carbon-bricks business at Oberhausen, Germany, will also have to be sold.
The European Commission has approved the proposed
acquisition of Brazilian refractory maker Magnesita
Refratários by Austria’s RHI, but on
condition that the latter divest its dolomite business, the
authority said on 28 June.
EU authorities have cleared the merger process between the
two refractories manufacturers, but posed a number...