abstract:Pechiney SA was a major aluminium conglomerate based in France. The company was acquired in 2003 by the Alcan Corporation, headquartered in Canada.
Mr Sarkozy would evenlike to resurrectpechiney, a Frenchaluminiumfirm taken over bya succession offoreignrivals, which cut managerial jobs in France and changed its name.
Competition concerns have already scuppered one big deal in the industry: the three-way aluminium merger proposed by Alcan, Pechiney and Algroup in 1999.