Press Release: Mergers: Commission approves joint venture between Hydro and Sapa, the two largest soft alloy extruders in the EEA, subject to conditions

The European Commission has cleared under the EU Merger Regulation the proposed creation of a joint venture between Norsk Hydro ASA and Orkla ASA's wholly-owned subsidiary Sapa Holding AB, both Norwegian companies active in the soft-alloy aluminium extrusions market. The joint venture will be the world's leading aluminium extrusions provider, with around €6 billion in annual revenues. The clearance is conditional on the divestment of Sapa's multiport extrusions (MPE) business in the Netherlands and Hydro's largest soft-alloy extrusions plant in Norway.