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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
09/26/201611:22:00Rio Tinto Launches New Debt Reduction Plan for Up To $3 Billion
09/24/201613:00:00Rio Tinto opens the doors of its modernised smelter to the Kitimat...
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09/14/201603:14:00Australia Stocks Gain After Four-Session Run Lower
09/11/201623:00:00Asian Shares Slide After U.S. Drop
09/01/201619:19:00Aurizon Names Former Rio Tinto Executive Andrew Harding as CEO
08/30/201601:20:00Asian Shares Rise on U.S. Gains and Higher Commodities Prices
08/29/201600:30:00Stocks in Asia Fall After Comments From Fed
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08/12/201603:43:00Rio Tinto Iron-Ore Chief Attacks Australian Lawmaker's Proposed...
08/11/201601:20:00Newmont Sees Dividends Rising, Provided Gold Prices Cooperate
08/11/201600:00:00Asian Shares Slide on Slumping Oil Prices
08/03/201605:10:00Rio Tinto Cuts Dividend as Weak Prices Take Toll
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08/02/201607:37:00Rio Tinto OKs $338 Million to Complete Silvergrass Iron Ore Mine...
08/01/201603:41:00Australia Stocks End Higher, Led by Commodity Shares
07/27/201603:32:00Australia Stocks Close Near Flat After Mixed Inflation Data
07/20/201603:05:00Business Watch -- WSJ
07/19/201619:00:00ADRs End Lower; Ericsson Falls
07/18/201619:28:00Rio Tinto's Quarterly Iron Ore Shipments Rise

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