We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

E.C. To Investigate Pulp Mill Equipment Supplier Merger

Law360 (August 14, 2006, 12:00 AM EDT) -- Regulators have opened a probe into the proposed merger of pulp mill equipment suppliers Metso Corp. and Aker Kvaerner, alleging that the deal would drastically limit competition in the industry.

Finnish company Metso has made a €335 million offer to purchase Norwegian plant owner Aker Kvaerner in an effort to better address the demand for pulp mill equipment and services in South America and Asia.

But the European Commission has expressed concern that the takeover would limit competition in the already-concentrated field.

“This takeover would reduce...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.