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EU opposes Hindalco's acquisition of Aleris Corp · Endata

◂ Announcements

Jul 5, 2019ACQUISITION

EU opposes Hindalco's acquisition of Aleris Corp

European antitrust regulators have opposed Hindalco Industries' acquisition of aluminum producer Aleris Corp, citing concerns about reduced competition and higher prices for automotive aluminum plates.

Status

Announced

Productsaluminum plates

CompaniesAleris target Hindalco Industries acquirer

Sectors#Steel and Metal Products

“European regulators expressed concern in March that the acquisition could lead to fewer consumer choices, pushing up the price of aluminium plates that make cars.”news.metal.com

1 source
news.metal.comEU opposes Indian Aluminium's acquisition of Aleris Corp for fear of rising prices - Shanghai Metals Market (SMM)SMMJul 5, 2019

Summarized from public sources; check the original articles before acting on it.

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