# European Commission clears Apollo Management's acquisition of Arconic

The European Commission approved the acquisition of sole control of Arconic by Arsenal AIC Parent LLC, an investment vehicle controlled by Apollo Management.

- Type: Acquisition
- Announced: 2023-08-15
- Where: United States
- Status: completed
- Products: aluminium flat rolled products, extrusions, building and construction systems
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Arconic](https://endata.com/companies/8076.md) (target)
- [Apollo Management Group](https://endata.com/companies/70259.md) (acquirer)

## Sources

- [eureporter.co](https://www.eureporter.co/politics/european-commission/2023/08/15/commission-clears-acquisition-of-arconic-by-apollo-management/), 2023-08-15: "The Commission concluded that the proposed acquisition would raise no competition concerns, given the absence of overlaps and vertical links between the companies' activities in the European Economic Area."

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