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Novelis drops EU court case against European Commission

( June 8, 2021, 13:15 GMT | Official Statement) -- MLex Summary: Aluminum producer Novelis has dropped its challenge of the European Commission’s refusal to grant it an extension in merger control proceedings concerning its acquisition of rival Aleris, according to an update to the court's website. The refusal to grant the extension had placed Novelis in breach of commitments it had undertaken in order to win the commission’s approval of the merger.Statement follows....

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