It was reported that the EU antitrust regulators announced on March 25th that they had started the investigation into US aluminum maker Novelis Inc.’ acquisition plan to buy Aleris Corp.
The head of European antitrust regulator Margrethe Vestager said that the investigation target was to be sure of the acquisition of Aleris by Novelis would not bring negative influence on effective competition in EU’s aluminum markets and would not result in less choice and higher prices for European customers.
Novelis is the company of Indian Hindalco Industries Ltd. in the US. It announced in July that it will purchase Aleris with US$2.6 billion. The company targeted to supply for aerospace industry and other value-added business.
EU starts anti-trust investigation on Novelis’ acquisition plan of Aleris
28 Mar 2019 15:31 reported by Judy Lin
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