Skip to main content

European Commission clears creation of Noris scrap venture

Europe – The European Commission has approved under the EU Merger Regulation the creation of Noris Metallrecycling GmbH, a joint venture between German companies Scholz Recycling GmbH and Thyssen Alfa Rohstoffhandel München GmbH. Noris Metallrecycling of Germany will be active in the collection, processing and trading of non-ferrous and iron-nickel alloy scrap.

Scholz Recycling is engaged in the ferrous and non-ferrous scrap sectors while Thyssen Alfa Rohstoffhandel has activities in recycling and trading of secondary raw materials. In a statement, the European Commission says it concluded that ‘the proposed acquisition would not raise competition concerns because of the negligible activity of the joint venture in the EEA (European Economic Area) and the moderate combined market shares on the relevant markets’.

The transaction was examined under the simplified merger review procedure, it adds.

Would you like to share any interesting developments or article ideas with us? Don't hesitate to contact us.

You might find this interesting too

Aviation recycling leader ASI celebrates 25th anniversary
Wendt ready to take its technology global

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Subscribe now and get a full year for just €169 (normal rate is €225) Subscribe