Novelis completes Aleris acquisition following Duffel plant sale

Downstream aluminium products producer Novelis Inc has completed the acquisition of Aleris Corp for $2.8 billion, the company announced on Tuesday April 14.

Novelis announced plans to buy Aleris in July 2018, but the acquisition has been delayed due to a European Commission (EC) investigation.
There were concerns that the deal may reduce competition in the semi-finished aluminium market, leading to the investigation.

US-based Novelis, a subsidiary of India’s Hindalco, and Aleris are both global downstream aluminium...


Alice Mason

April 14, 2020

14:30 GMT