Tag: Mitsubishi-Hitachi Metals Machinery

CCI approves acquisition by Mitsubishi-Hitachi Metals Machinery, Inc. in Primetals Technologies

The Competition Commission of India (CCI) approves the acquisition by Mitsubishi-Hitachi Metals Machinery, Inc. (“MHMM/Acquirer”) in Primetals Technologies (“PT/Target”), under Section 31(1) of the Competition Act, 2002. The proposed transaction entails the acquisition of the remaining 49% of the total shareholding in PT by MHI (through MHMM) from Siemens AG (“Proposed Combination”).  PT designs and…