08:02 AM EST, 11/13/2026 (MT Newswires) -- The European Commission approved South Korean conglomerate Posco Holdings and Indian steelmaker JSW Steel's joint acquisition of India-based companies Saffron Resources Private Ltd. and Posco Maharashtra. The competition watchdog said Friday that the transaction, which concerns the steel industry, is not expected to raise competition concerns due to its minimal impact on the European Economic Area.

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