Brussels, July 8 - The European Commission announced here Wednesday that it has cleared the proposed acquisition of Dutch company Noble European Holdings B.V., a subsidiary of Noble International Ltd. of the US, by ArcelorMittal of Luxembourg.

After examining the operation, the commission concluded that the transaction would not significantly impede effective competition in the European Economic Area (EEA) or any substantial part of it, EuAsiaNews reported.

Owned by Indian-origin L.N. Mittal, ArcelorMittal is a global company active in the production, distribution, marketing and sale of steel products and, to a lesser extent, of first transformation steel products. ArcelorMittal is also active in the mining business.

Noble European Holdings is the holder of several companies producing tailor welded blanks (TWBs).