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Kumar Mangalam Birla’s Hindalco Industries will have to tackle European anti-trust objections on its plan to buy aluminum producer Aleris Corp. to expand as a supplier to the car industry.
Novelis said the European Commission sent it a statement of objections to the proposed purchase. The step “does not pre-judge the final outcome of the process,” the company said on Thursday. The firms will be “working constructively with the commission to conclude its investigation and to closing the transaction in a timely manner.” Regulators said in March that they were worried the deal could lead to less choice for consumers and
