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Article: Romania : Romania probing ArcelorMittal Galati and Comvex dispute.
- Article from:
- TendersInfo
- Article date:
- August 25, 2009
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Byline: sanjayV03
Romanian Competition Council has launched a probe into the Romanian business ArcelorMittal, which owns several steel plants in the country, because of a potential economic concentration and exercising of a dominant position over Comvex Constanta.
Mr Bogdan Chiritoiu chairman of Competition Council said that "If ArcelorMittal Galati is found to have conducted an economic concentration operation without notifying the Competition Council, it is liable for penalty for failure to notify, which may reach as much as 1% of turnover."
ArcelorMittal has recently decided to stop working with Comvex, held by two businessmen in Constanta, ...