Metso Corp. and Outotec Oyj have now received all the remaining outstanding competition clearances for the combination of Metso’s Minerals business with Outotec through a partial demerger of Metso. It has also received all regulatory approvals. The combination is expected to take place on June 30.

After completion, Metso will be renamed as Neles Corp. and will be a separately listed entity focused on flow control.