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BUSINESS SHORTS

Antitrust Bureau OKs Ferostav takeover

The Antitrust Bureau of the Slovak Republic (PMÚ) approved the takeover of the Slovak Ferostav, s.r.o. firm by Germany's ThyssenKrupp Services AG.

Ferostav, based in Nové Zámky, trades in metallurgical materials in regions around Slovakia, the TASR newswire reported. ThyssenKrupp is part of a larger Düsseldorf parent company that deals with metallurgy production and services.

"The PMÚ came to the conclusion that the merger in question will not change the current competitive environment of the wholesale metallurgical market in Slovakia," PMÚ spokeswoman Alexandra Bernáthová told the SITA newswire.

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