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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.
Bamesa Aceros S.L. signed an agreement to acquire a 50% stake in Steel Centre Europe s.r.o. from Toyota Tsusho Corporation.