Competition Council launches investigation at ArcelorMittal Galati

Joi, 20 august 2009, 17:28 English | Business

Romania's Competition Council has launched an investigation at ArcelorMittal Galati to analyze a possible failure to comply with the obligation that the company notify authorities about a possible economic concentration and apply such a measure before a Council's decision. According to a Competition Council press release, the inquiry was launched following a complaint by port operator Comvex Constanta in July this year.

The operator complained about the existence of an ArcelorMittal control over Comvex in terms of shareholding and economic dependency and efforts by the Galati plant and other entities of the group to try and eliminate Comvex from the market by refusing to continue collaboration with the Constanta-based company.

Should the inquiry show that ArcelorMittal Galati was involved in an operation of economic concentration without notifying the Competition Council, the plant risks considerable fines.