CAPITAL MARKETS

Alcan submits Pechiney bid for review

ALCAN remains confident its EUR3.4 billion takeover bid for French aluminium producer Pechiney will receive the backing of the European Commission after lodging its offer with the competition authorities late last week.

Brad Ricks
Alcan submits Pechiney bid for review

The offer submitted to the commission was unchanged from the original bid Alcan made for Pechiney at the start of last month. However, Alcan has provided commitments in relation to the European markets...

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