Other available languages: FR
Under the competition rules of the ECSC Treaty, the Commission has authorized C. Walker & Sons Ltd., Blackburn (Walker) to acquire the share capital of GKN Steelstock, Wolverhampton (GKN Steelstock), which is currently a subsidiary of GKN Plc, Redditch. Both Walker and GKN Steelstock are stockholding merchants with a network of depots situated in various parts of the United Kingdom (UK). Walker and GKN Steelstock combined would have about 21% of the UK stockholders' market in ECSC steel products. They will have to face competition from a large number of other stockholders, from UK steel producers, including the British Steel Corporation which has its own stockholding subsidiary, and from direct imports of steel by UK consumers. The examination of the proposed transaction showed that it meets the competition-safeguarding tests of Article 66(2) ECSC Treaty and so the Commission granted its authorizsation.