{"id":1184179,"date":"2020-05-13T14:05:05","date_gmt":"2020-05-13T19:05:05","guid":{"rendered":"https:\/\/www.mining.com\/?p=1023736"},"modified":"2020-05-13T14:05:05","modified_gmt":"2020-05-13T19:05:05","slug":"metso-outotec-merger-cleared-by-european-commission","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1184179","title":{"rendered":"Metso-Outotec merger cleared by European Commission"},"content":{"rendered":"<p>Metso and Outotec Oyj <a href=\"https:\/\/www.metso.com\/news\/2020\/5\/metso-corporation-and-outotec-oyj-receive-unconditional-merger-control-clearance-from-the-european-commission-for-the-combination-of-metso-minerals-with-outotec\/\"  rel=\"noreferrer noopener\" aria-label=\"received (opens in a new tab)\">received<\/a> on Wednesday an unconditional merger control clearance from the European Commission for the combination of Metso\u2019s Minerals business with Outotec.<\/p>\n<div class='ad-slot' id='div-gpt-ad-1561499308230-0'><script>googletag.cmd.push(function() {    googletag.display('div-gpt-ad-1561499308230-0');    googletag.pubads().addEventListener('slotRenderEnded', function (event) {        if (event.isEmpty) {            var id = event.slot.getSlotElementId();            var x = document.getElementById(id);            if(x == null) return;            if (x.parentElement.classList.contains('ad-slot')) {                x.parentElement.style.display = 'none';            }\t\t\t\t        }    });});<\/script><\/div>\n<p>The companies also received clearances also from the competition authorities of a number of other jurisdictions, including Canada, Chile and Turkey.<\/p>\n<p>Metso said it expects the completion of the combination to take place on June 30, 2020.<\/p>\n<p>When merged, the new company will have 15,600 employees, and had illustrative 2018 combined sales and adjusted EBITA of \u20ac3.9 billion.<\/p>\n<p>Metso shareholders&nbsp;will own 78% and Outotec shareholders 22% of the combined company. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The companies also received clearances in Canada, Chile and Turkey.<\/p>\n","protected":false},"author":92,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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