EU Approves Minmetals, Meiwa, Toyota JV in Battery Recycling

MT Newswires Live

03/17

The European Commission approved a joint venture between subsidiaries of China's Minmetals (HKG:0230) and Meiwa (TYO:8103) and Japan's Toyota Motor (TYO:7203) under the EU Merger Regulation, according to a Friday statement by the regulator.

The venture will focus on lithium-ion battery recycling.

The commission said the deal poses no competition concerns due to its limited impact on the European Economic Area.

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