E.U. Targets Nickel Mining In Canadian Investigation

Law360, New York (February 27, 2006, 12:00 AM EST) -- European Union officials are investigating the proposed merger of two Canadian mining companies, which could violate European Commission competition regulations by leading to price increases in the narrowing nickel production industry.

The probe involves the October 2005 proposed purchase by Inco Ltd. of rival Falconbridge Ltd. for $11 billion, a deal which would create the world's largest nickel producer, according to the European Commission.

"This would risk significantly reducing customer choice and likely lead to price increases," EC investigators said in a statement.

The proposed merger...
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