HAMBURG (dpa-AFX) - Aurubis Ag (AIAGY.PK, AIAGF.PK) reported that the European Commission informed the company and Wieland that clearance for the sale of the segment Flat Rolled Products can probably not be achieved with the proposed remedies. The European Commission would ask for further remedies that Wieland is not obliged to offer under the agreed agreement.
The companies agreed that Wieland will continue the merger control proceedings in order to achieve clearance of the transaction. Aurubis noted that its Executive Board has identified strategic alternatives to the transaction as part of a contingency planning.
Copyright RTT News/dpa-AFX