EU Clears Imerys' $340M Buy Of Rio Tinto Talc Business

Law360, New York (July 8, 2011, 1:32 PM EDT) -- The European Union's competition regulator on Friday cleared France's Imerys to proceed with its planned $340 million takeover of Anglo-Australian mining company Rio Tinto Group's talc business after ruling out antitrust concerns in the talc market.

Following an investigation, the European Commission found the merger would not affect the market for talc, a soft mineral used in applications such as ceramics, plastics and cosmetics.

According to the commission, the French minerals giant has no talc business, but mines several industrial minerals that can be used alongside...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.