European Commission approves scrap metal merger

The European Commission (EC), under the EU Merger Regulation, has approved the creation of Noris Metallrecycling GmbH of Germany, a joint venture between Scholz Recycling GmbH and Thyssen Alfa Rohstoffhandel München GmbH, both of which are headquartered in Germany.

Noris Metallrecycling will be active in the collection, processing and trading of nonferrous and iron-nickel alloy scrap.

Scholz Recycling is involved in processing both ferrous and nonferrous scrap metal, while Thyssen Alfa Rohstoffhandel has activities in the recycling and trading of secondary raw materials.

In approving the merger, the EC concluded that it would not raise competition concerns because of the negligible activity of the joint venture in the European Economic Area and the moderate combined market shares on the relevant markets.