Brussels, 1 February 2023
The European Commission has approved, under the EU Merger Regulation, the acquisition of Ecobat Resources Stolberg GmbH (‘ERS’) of Germany, by Trafigura Group Pte Limited (‘Trafigura’) of Singapore.
ERS is a lead smelting facility. Trafigura is an independent commodity trader specialising in the oil, minerals and metals markets.
The Commission concluded that, although there are vertical links between the companies’ activities, the proposed acquisition would raise no competition concerns, given that the companies would have no incentive to engage in foreclosure practices. The transaction was examined under the normal merger review procedure.
More information is available on the Commission’s competition website, in the public case register under the case number M.10859.
Source – EU Commission