The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of a newly created company constituting a joint venture by Ube Industries, Ltd. and Mitsubishi Materials Corporation, all of Japan. The joint venture will be active in the manufacture, process, sale, purchase, import and export of cement and other ceramic products, civil engineering and construction materials. Ube Industries is active in the manufacture and sale of chemicals, construction materials and machinery. Mitsubishi Materials Corporation is active, among others, in the manufacture and sale of copper and copper alloy products, and cement and ready-mixed concrete, smelting, refining and sale of copper, gold and silver. The Commission concluded that the proposed acquisition would raise no competition concerns, because the joint venture has only negligible, actual or foreseen activities within the European Economic Area.

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