{"id":23596,"date":"2020-06-19T06:49:48","date_gmt":"2020-06-19T06:49:48","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=23596"},"modified":"2020-06-19T06:49:49","modified_gmt":"2020-06-19T06:49:49","slug":"cci-approves-acquisition-of-metso-oyjs-minerals-business","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/cci-approves-acquisition-of-metso-oyjs-minerals-business\/","title":{"rendered":"CCI approves acquisition of Metso Oyj\u2019s minerals business"},"content":{"rendered":"\n<p>The Competition Commission of India (CCI) has approved the acquisition of Metso Oyj\u2019s (Metso) minerals business by Outotec Oyj (Outotec) under Section 31(1) of the Competition Act, 2002. The Proposed Combination relates to acquisition of Metso\u2019s minerals business (\u201cMetso Minerals\u201d) by Outotec.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.gkseries.com\/blog\/current-affairs-quiz-2019-daily-gk\/\" target=\"_blank\" rel=\"noreferrer nofollow noopener\"><strong>Daily Current Affairs Quiz 2020<\/strong><\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Key-Points<\/h2>\n\n\n\n<p>The proposed combination will be achieved by way of a partial demerger of Metso Minerals pursuant to the Finnish Companies Act.<\/p>\n\n\n\n<p>In return for the transfer of Metso Minerals to Outotec, the shareholders of Metso will receive newly issued shares in Outotec and hold the majority of the new entity\u2019s shares.<\/p>\n\n\n\n<p>Outotec is a public limited liability company incorporated and registered under the laws of Finland.<\/p>\n\n\n\n<p>Metso is also a public limited liability company, incorporated and registered under the laws of Finland.<\/p>\n\n\n\n<p>The Commission approved the Proposed Combination subject to the carrying out of modifications proposed by the parties, under Regulation 25 (1A) of the Competition Commission of India (Procedure in regard to the transaction of business relating to combinations) Regulations, 2011.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Competition Commission of India (CCI) has approved the acquisition of Metso Oyj\u2019s (Metso) minerals business by Outotec Oyj (Outotec) under Section 31(1) of the Competition Act, 2002. The Proposed Combination relates to acquisition of Metso\u2019s minerals business (\u201cMetso Minerals\u201d) by Outotec. Daily Current Affairs Quiz 2020 Key-Points The proposed combination will be achieved by [&hellip;]<\/p>\n","protected":false},"author":404,"featured_media":23597,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","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":"","ast-disable-related-posts":"","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 center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[870],"tags":[],"class_list":["post-23596","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs-2020"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/23596","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/404"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=23596"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/23596\/revisions"}],"predecessor-version":[{"id":23598,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/23596\/revisions\/23598"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/23597"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=23596"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=23596"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=23596"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}