Case M.7839 - OUTOKUMPU / HERNANDEZ EDELSTAHL

Subject: Case M.7839 - Outokumpu / Hernandez Edelstahl Commission decision pursuant to Article 6(1)(b) of Council Regulation No 139/20041 and Article 57 of the Agreement on the European Economic Area2 (1) On 16 December 2015, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation by which the

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Outokumpu Oyj is a group of international companies headquartered in Helsinki, Finland, employing 10,600 employees in more than 30 countries. Outokumpu is the largest producer of stainless steel in Europe and the second largest producer in the Americas.

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Teledyne alleges that it first received notice of these negotiations on May 16, 1986, when Outokumpu publicly announced that it was in the process of purchasing Kone's hydraulic breaker division. On May 31, Kone transferred its hydraulic breaker division to Rammer Oy, Outokumpu's subsidiary.

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