EU CommiBion approves acquisition of Aleris by Novelis

摘要

The European CommiBion has approved Novelis’ proposed acquisition of Aleris Corp. The approval is conditional upon the sale of Aleris’ plant in Duffel, Belgium, which produces aluminium for the automotive and specialties markets. Novelis says it is working expeditiously to market the plant to potential buyers, with the chosen counterparty and the definitive agreement for divestiture subject to EU CommiBion approval.