Jean-Pierre Rodier, former head of French aluminium producer Pechiney before it was bought by Alcan, has been brought in by Alcoa to advise it on its bid for his previous nemesis, according to Canada’s Globe and Mail newspaper.
Citing the usual “people familiar with the matter”, the paper claims that Rodier, now a consultant with UK private capital company CVC Capital, has been brought in to help Alcoa steer a path through potential EU (particularly French) regulatory hurdles.
The issue of regulatory clearance for Alcoa’s proposed take-over of Alcan has emerged as a key bone of contention between the two companies, the Canadian company accusing its US counterpart of having no “clear solution” to potential regulatory problems.
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