KRTL BioTech

Exclusive: EU to block Novelis, Aleris deal unless concessions offered - sources

Exclusive: EU to block Novelis, Aleris deal unless concessions offered - sources

EU antitrust regulators will block Novelis' [NVLXC.UL] $2.6 billion bid for steel processor Aleris [TXPACA.UL] if the U.S. aluminum producer does not offer concessions by Aug. 9, people familiar with the matter said.