[Decision Summary] Approval of Joint Venture between Mitsubishi Corporation and Hudbay Minerals
The Polish Competition Authority has approved the merger between Mitsubishi Corporation and Hudbay Minerals, allowing them to establish a joint venture without any conditions or remedies.
03.11.2025 | Polish Competition Authority (DKK)
The Polish Competition Authority (UOKiK) has issued Decision No DKK-249/2025 on November 4, 2025, approving the merger between Mitsubishi Corporation, based in Tokyo, Japan, and Hudbay Minerals INC., based in Toronto, Canada. This decision follows an antitrust investigation initiated at the request of the two companies.
The merger involves the creation of a joint venture as outlined in their application. The authority determined that the merger does not raise any competition concerns and therefore did not require any remedies or further investigation.
Notably, the decision was made without a detailed justification, as it fully aligned with the requests of the parties involved and did not address any contentious interests. The authority also noted that the decision was not made in response to an appeal.
Parties wishing to appeal this decision can do so to the District Court in Warsaw within one month of receiving the decision, subject to a fixed court fee.
