Norsk Hydro, Orkla propose sale of assets to allay fears

Apr 19, 2013 | 12:58 PM | Jethro Wookey

Tags  Norsk Hydro, Orkla, Sapa, aluminum, extrusions, multiport extrusions, European Commission, merger Jethro Wookey

LONDON — Norsk Hydro ASA and Orkla ASA have proposed divesting two extrusions facilities should the European Commission require it as a condition for their merger.

"The European Commission has expressed preliminary concerns regarding the possible competitive effects of the intended merger in certain markets," Norsk Hydro said late April 18. "The concerns relate to multiport extrusions in Europe and soft alloy extrusions in the Nordic region, in this context defined as....

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