# Bamesa and Sumitomo receive EC clearance for joint takeover of Steel Center Europe

The European Commission approved the joint takeover of Czech steel service center Steel Center Europe (SCE) by Spanish Bamesa Aceros and Japanese trader Sumitomo. Following the transaction, Bamesa and Sumitomo will each hold a 50% stake in SCE.

- Type: Acquisition
- Announced: 2020-02-03
- Where: Humpolec, Czechia
- Status: completed
- Products: flat steel products, slitting, cut-to-length, blanking
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Sumitomo Corporation](https://endata.com/companies/6281.md) (acquirer)
- [Bamesa Aceros](https://endata.com/companies/43827.md) (acquirer)
- [Steel Center Europe](https://endata.com/companies/44991.md) (target)

## Sources

- [eurometal.net](https://eurometal.net/bamesa-sumitomo-takeover-of-czech-steel-service-center-gets-ec-clearance/), 2020-02-03: "The European Commission has approved Spanish steel service centre Bamesa Aceros and Japanese trader Sumitomo’s joint takeover of Steel Center Europe (SCE) in the Czech Republic, according to the EC’s merger case filings."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.