EC clearance for Outotec and Metso merger

European Commission gives unconditional clearance for combination of Metso Minerals with Outotec

OUTOTEC Oyj and Metso Corporation have received unconditional merger control clearance from the European Commission for the combination of Metso’s Minerals business with Outotec through a partial demerger of Metso.

The companies have also received unconditional clearances from the competition authorities of a number of other jurisdictions, including Canada, Chile and Turkey.

In line with their previous announcement, Outotec and Metso continue to expect the completion of the merger to take place on 30 June 2020, subject to the receipt of all required regulatory and other approvals, including certain remaining competition clearances.