GFG Alliance agrees deal to purchase Aleris' Duffel aluminium rolling mill

Metals conglomerate GFG Alliance has reached an agreement to acquire Aleris' aluminium rolling mill Duffel in Belgium, a GFG representative said on Friday December 6.

The agreement for the sale of the mill is one of the conditions for the $2.6 billion merger of downstream aluminium product producers Novelis and Aleris, as laid out by the European Commission (EC) in October as part of its conditional approval for the deal - should the Duffel deal pass EU and China regulatory reviews.

"This is another important step forward in Novelis’ acquisition of Aleris,"...

Published

Justin Yang

December 06, 2019

13:30 GMT

London