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The Chinese antitrust authorities approve the formation of the Sapa joint venture

The Chinese antitrust authority (MOFCOM) has approved the execution of the transaction, which will lead to the formation of the Sapa joint venture. Hydro and Orkla each hold 50 percent of the shares.

(photo: Dag Jenssen)

The approval by the Chinese antitrust authorities is the final antitrust assessment of the agreement, which was necessary for the implementation.

The transaction has already been approved by the EU Commission, the US Department of Justice and relevant competition authorities in several other countries.

The partners intend to carry out the transaction as soon as possible and with accounting effect from September.

This text is machine translated. To view the original German text, click on DE on the top right of this window

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