GEN - The Competition Tribunal - Tribunal conditio
JSE
GEN
GEN - The Competition Tribunal - Tribunal conditionally approves Evraz and
Highveld Steel merger
TRIBUNAL CONDITIONALLY APPROVES EVRAZ AND HIGHVELD STEEL MERGER
The Competition Tribunal has today, 26 April 2007, approved the merger between
Evraz Group SA and Highveld Steel and Vanadium Corporation subject to
divestiture of an interest in Mapochs Mine and Vanchem plants. The Commission
had recommended that the Tribunal approve this merger on condition of
divestiture of an interest in Mapochs mine and Vanchem plants in line with the
European Commission`s ruling on the transaction.
In terms of the proposed transaction Evraz, which currently holds 24,9% of
Highveld, intends to acquire an additional 54,1% of Highveld`s issued share
capital from Anglo and Credit Suisse International through the exercise of
separate options.
Issued by: Jane Sussens
Communications Advisor
The Competition Tribunal
Tel: (011) 483 2687
Cell: 082 920 0875
Fax: (011) 483 2686
E-Mail: jane.sussens@mweb.co.za
On Behalf of: Lerato Motaung
Registrar
The Competition Tribunal
Tel: (012) 394 3355
Cell: 082 556 3221
E-Mail: leratom@comptrib.co.za
Issued
Date: 26/04/2007 14:00:01 Produced by the JSE SENS Department.
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