Novelis to acquire leased Sierre plant assets from Constellium

Novelis Inc. signed a binding agreement to acquire operating facilities and manufacturing assets at its Sierre, Switzerland plant from Constellium for €200 million. The deal includes establishing a joint venture for shared infrastructure.

“Novelis Inc., the world leader in aluminum rolling and recycling, today announced it signed a binding agreement to acquire operating facilities and manufacturing assets at its Sierre plant that have historically been leased.”investors.novelis.com

• 3 sources
• investors.novelis.comNovelis to Acquire Leased Sierre Operating Facilities, Manufacturing Assets :: Novelis Inc.Feb 1, 2018
• heattreattoday.comHeat Treating Grows in Kentucky with $300M Auto Aluminum Investment - Heat Treat TodayKaren GantzerFeb 5, 2018
• miningconnection.comConstellium to Sell Sierre Plant Assets for $247 Million, Switzerland | Mining Connection — The Link For All Your Mining ResourcesFeb 12, 2018

Summarized from public sources; check the original articles before acting on it.