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EU demands for joint venture between Hydro & Orkla

EU demands measures as a result of the proposed joint venture between Hydro & Orkla

 As a result of the proposed joint venture between Hydro’s and Orkla’s profile businesses, the EU Directorate-General for Competition has demanded measures be taken to reduce the combined market shares in Norway and Sweden as well as the heat exchanger market in Europe.

April 25, 2013

For the EU to approve the proposed joint venture the partners will be required to sell parts of their extrusion businesses in the Nordic Countries and the Netherlands. For Hydro this may concern Hydro Aluminium Profiler a.s. in Raufoss and Hydro Aluminium Profiler AB in Vetlanda. Sapa’s Dutch unit in Harderwijk is also a candidate for sale. The sales of these companies will arise after the EU decision concerning the joint venture which is expected soon.

It is important to emphasise that no decision has as yet been reached in which case it is “business as usual”.

The whole of the Hydro Aluminium Profiler’s organisation looks forward to continuing to serve our customers and markets as before and through the usual contact channels.

 
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Updated: April 25, 2013
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EU demands for joint venture between Hydro & Orkla

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