CCI approves acquisition of Essar Ports assets

The Competition Commission of India recently approved the acquisition of Essar Group’s assets by ArcelorMittal Nippon Steel India Li­mi­ted. The assets to be acquired include Essar Bulk Terminal Limi­ted, Essar Bulk Terminal Paradip Limited, Essar Vizag Terminals Limited, Hazira Cargo Terminals Limited, and Ibrox Aviation and Trading Private Limited.