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Norsk Hydro-Alumetal review places ‘green killer acquisitions’ on the regulatory map
21 October 2022 00:00
Norsk Hydro seems to have been taken by surprise by the regulatory speedbumps now faced by its plan to buy metals recycler Alumetal, with the EU merger regulator referring the deal for an in-depth probe. It’s another example of the European Commission’s heightened vigilance about large companies snapping up smaller, innovative competitors — but with an interesting twist. A “green killer acquisition” is when smaller players with strong environmental credentials are snapped up by bigger companies looking for shortcuts in their transition towards a low-emissions economy. This probe may offer the EU regulator a chance to place the green dimensions of M&A under the microscope.