# Novelis receives EU approval for acquisition of Aleris

Novelis Inc. announced that the European Commission has approved its proposed acquisition of Aleris Corporation, conditioned on the sale of Aleris' plant in Duffel, Belgium. The transaction is expected to close by January 21, 2020.

- Type: Acquisition
- Announced: 2019-01-10
- Where: United States
- Value: $2.60B
- Status: announced
- Products: aluminum rolled products
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Novelis](https://endata.com/companies/2475.md) (acquirer)
- [Aleris](https://endata.com/companies/3656.md) (target)
- [Hindalco Industries](https://endata.com/companies/13368.md) (investor)
- [Aleris International](https://endata.com/companies/37420.md) (target)

## Sources

- [rohstoff-welt.de](https://www.rohstoff-welt.de/news/335488--Novelis-Receives-Approval-from-European-Commission-for-Proposed-Acquisition-of-Aleris.html), 2019-01-10: "Novelis Inc., the world leader in aluminum rolling and recycling, today announced that the European Commission has approved its proposed acquisition of Aleris Corporation."
- [wsgr.com](https://www.wsgr.com/en/insights/wsgr-represents-aleris-in-acquisition-by-novelis.html), 2019-02-19: "Receipt of the CFIUS clearance satisfies one of the conditions to the closing of the merger, which remains subject to other customary closing conditions, including receipt of other regulatory approvals."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.