Metso Outotec has completed its merger clearance process in India.
The combination of Metso Minerals and Outotec was conditionally approved by the Competition Commission of India (CCI) in June 2020, subject to the transfer of legacy Metso’s straight grate iron ore pelletising capital equipment business by Metso Outotec in India to a suitable buyer through a technology licensing arrangement.
This condition has now been satisfied, as Metso Outotec has, with the approval of the CCI, licensed the relevant technology to Primetals Technologies, a joint venture of Mitsubishi Heavy Industries and partners, and a provider of metallurgical plant equipment and services with a significant presence in India.
