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EU Seeks Comments on Rio Tinto Alcan's Offer to Solve Aluminum Antitrust Concerns

By Alessandro Torello BRUSSELS--European Union antitrust regulators are seeking comments on commitments that Rio Tinto Alcan offered to solve competition concerns about the contractual use of a technology to process aluminum, the European Commission said Friday. "The European Commission is inviting comments from interested parties on commitments offered by Rio Tinto Alcan to address concerns that it may have infringed EU antitrust rules," the commission, which has antitrust powers in the EU, said in a statement. The commission is investigating the practice by Alcan, which was bought by Rio Tinto PLC (RIO), to link the licenses for one of its leading aluminum smelting technologies to the purchase of equipment from one of its subsidiaries. After negotiations with the EU, Rio Tinto Alcan has offered to modify the terms of its future technology transfer agreements, the commission explained. If the so-called market test confirms that the offer is effective in solving the antitrust concerns, the commitments will become legally binding on Rio Tinto Alcan, which means the commission would be able to fine the company if it failed to stand by them. Write to Alessandro Torello at alessandro.torello@dowjones.com Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Companhia Vale (RIO)
DateTimeHeadline
05/17/201312:41:22LONDON MARKETS: Banks Lift U.K. Stocks To 51/2-year High
05/17/201302:32:32ASIA MARKETS: Asia Stocks Trade Mostly Higher As Japan Swings...
05/16/201322:59:07ASIA MARKETS: Japan Stocks Slip, But Australia, China Rise
05/16/201321:32:21ASIA MARKETS: Japan Stocks Slip, But Australia Rises
05/16/201319:01:14National Marine Fisheries Service to Review Petition Over Seals...
05/16/201312:26:38LONDON MARKETS: FTSE 100 Ends 10-day Winning Streak
05/15/201309:01:44Rio Tinto Open to Piecemeal Sale of Diamond Businesses
05/15/201307:36:02Rio Tinto Open To Piecemeal Sale Of Diamond Businesses
05/15/201304:40:13ASIA MARKETS: Japan's Nikkei Jumps To Reclaim 15,000, Lead Asia
05/15/201301:04:02Australia Approves Planned Rio Tinto Bauxite Mine
05/15/201300:36:21ASIA MARKETS: Japan's Nikkei Reclaims 15,000; Asia Stocks Mixed
05/14/201318:00:09PRECIOUS METALS HIGHLIGHTS: Top Stories of the Day
05/14/201312:49:55LONDON MARKETS: FTSE 100 Climbs For Ninth Straight Day
05/14/201308:36:10LONDON MARKETS: FTSE 100 Aims For 9th Straight Day Of Gains
05/14/201307:00:11Rio Tinto Committed To Cutting Capex, Costs As Output Ramps Up
05/14/201305:21:38LONDON MARKETS: Miners Drag FTSE 100 From 2013 High
05/13/201316:30:12Constellium Files for IPO Worth Up to $486 Million
05/13/201312:23:02LONDON MARKETS: GSK, Shell Lead U.K. Stocks To 8th Day Of Gains
05/13/201312:20:08EUROPE MARKETS: Europe Stocks Retreat From 2013 High
05/13/201305:15:15LONDON MARKETS: Banks, Miners Weigh In London After China Data

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