Romania's Competition Council has approved the transaction through which UMB Steel S.R.L. intends to acquire the assets belonging to ArcelorMittal Hunedoara S.A.
ArcelorMittal Hunedoara, the giant that closed down production last October, is convening the Extraordinary General Meeting of Shareholders (AGEA) to get approval for the sale of assets to UMB Steel, a company controlled by Dorinel Umbrarescu, the most powerful builder.