Posted in | News | Business | Aluminum / Aluminium

Alcan Secure 97+% of Pechiney Shares

Jan 10 2004

Alcan announced that they have now secured 97.95 per cent of Pechiney's total share capital and 97.92 per cent of Pechiney voting rights.

The acquisition of such a high proportion of the Pechiney shares will allow Alcan to proceed with the completion of the legal requirements for acquiring the remaining share capital while continuing to work on integrating the two organizations. Furthermore, they will now be able to acquire all outstanding Pechiney shares in accordance with French law and have Pechiney de-listed from the Paris Stock Exchange.

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