EU approves takeover of Novelis by Hindalco

May 9: India’s leading non-ferrous metals supplier, Hindalco, has been given the green light by the European Commission to acquire Novelis, the world’s largest manufacturer of aluminium sheet for making beverage cans.
The European Union’s antitrust watchdog said in a statement: “After examining the operation, the Commission concluded that the transaction would not significantly impede effective competition in the European Economic Area or any substantial part of it.”

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