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    PERIOD/DAYS OF EXTENSION FOR NAMES RESERVED AND RESUBMISSION OF FORMS
    CCI approves acquisition of Metso Oyj’s minerals business by Outotec Oyj
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    June 23, 2020
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    Extension of filing deadlines for name reservations and resubmissions allows additional time to file affected corporate forms.
    Extension of filing timelines was announced for name reservations, RSUB resubmissions and specified IEPF e-Forms whose expiry or last dates fall between 15 March and 30 June 2020; additional days beyond 30 June 2020 are permitted for filing, automatic marking to NTBR or pending rejection statuses will not occur solely due to non-resubmission during the extension period, and SRNs already flagged will be considered on a case-by-case basis.
    June 18, 2020
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    Competition approval for a partial demerger-driven acquisition enabling formation of a combined minerals entity under share exchange.
    CCI approved the acquisition of Metso's minerals business by Outotec under Section 31(1), effected by a partial demerger under the Finnish Companies Act; Metso shareholders receive newly issued Outotec shares and will hold the majority in the combined entity to be named Metso Outotec, while Metso's flow control business will continue independently as Neles. The approval is subject to modifications proposed by the parties under Regulation 25(1A), and the Commission noted the parties' respective Indian subsidiaries and business lines relevant to competition assessment.

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