Germany’s steel and metal distributor Kloeckner has asked the state antitrust commission to permit the acquisition of the country’s largest metal trader and distributor Metalsnab Holding. Metalsnab holds branches and service centres specialised in construction and machinery industries. The largest producer-independent distributor on the European and North American markets, Kloeckner, informed last month that it has expanded its ownership in Metalsnab to 77.3% from the previously owned 7.3%.
Source: Intellinews-Bulgaria Today