Tibnor, a subsidiary of Swedish steelmaker SSAB, receives competition authority approval for its forty-million-euro acquisition of Ovako Metals Oy Ab in Finland. The deal, first announced in December 2025, is set to close within weeks. Tibnor gains Ovako Metals' customer base, processing services, and logistics network in Finland's engineering steel market. Ovako divests its distribution arm to focus on its core business as a leading engineering steel producer, ensuring Finnish customers benefit from a stronger, more specialized distribution partner.