EU does not oppose VAW acquisition
(March 4, 2002) The European Commission has decided not to oppose Norsk Hydro's acquisition of the German aluminium company VAW Aluminium AG.
The Commission today declared the acquisition compatible with the common market and the EEA Agreement.
Consequently Norsk Hydro expects to be able to close the deal, as previously indicated, during March 2002.
Total sales in Hydro Aluminium activities after the acquisition will be approximately 10 billion Euro (NOK 80 billion) and the merged company will employ more than 30,000 persons.
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