BRUSSELS GRANTS APPROVAL FOR CREATING NEW UAE ALUMINIUM COMPANY
July 1st, 2013
The European Commission has granted a key element of EU merger approval for the creation of a new United Arab Emirates (UAE) aluminium company called Emirates Global Aluminium. This will be a joint venture incorporating the businesses of Dubai Aluminium (Dubal) and Emirates Aluminium (Emal).The Commission has now approved the folding of Dubal into the new venture. In a communiqué, the Commission said the deal “would not raise competition concerns” in the EU, because of the “very limited overlap between the parties' activities and the presence of other ...
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