Al Farid Wood and Metal Trading Company
8.00 AM -19.00 PM
seven days per week
+971 567 68 60 37
  • EnEn
  • The European Commission announced its intention to conduct an in-depth investigation of the announced last year acquisition of the American manufacturer of aluminum products Aleris by Novelis, the American division of the Indian group Hindalco Industries. As the European Commissioner for Competition Margret Westager stated, the investigation should answer the question of whether Avelis’s purchase by Novelis could have a negative impact on the level of competition in the European market for aluminum products. The structure of Aleris includes 13 factories, some of them are located in Europe.   During the transaction, worth $ 2.6 billion, a company should emerge with sales of about $ 15 billion a year.