# Novelis set to win EU approval for $2.6B Aleris acquisition

Novelis is expected to secure EU antitrust approval for its $2.6 billion bid for Aleris, after agreeing to sell Aleris' Belgian plant to address competition concerns.

- Type: Acquisition
- Announced: 2019-08-29
- Where: United States
- Value: $2.60B
- Status: announced
- Products: aluminium
- 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)
- [Hindalco Industries](https://endata.com/companies/13368.md) (partner)

## Sources

- [reuters.com](https://www.reuters.com/article/us-aleris-m-a-novelis-eu-exclusive/novelis-2-6-billion-aleris-deal-set-for-eu-green-light-sources-idUSKCN1VJ1WP/?feedName=businessNews&feedType=RSS), 2019-08-29: "U.S. aluminium producer Novelis is set to secure EU antitrust approval for its $2.6 billion bid for Aleris, people familiar with the matter said on Thursday."
- [thehindubusinessline.com](https://www.thehindubusinessline.com/companies/novelis-to-contest-us-lawsuit-against-aleris-deal/article29338961.ece), 2019-09-05: "Novelis intends to vigorously defend against the DOJ's challenge, which it believes is without merit."
- [livemint.com](https://www.livemint.com/companies/news/hindalco-says-committed-to-aleris-acquisition-despite-us-lawsuit-1567658175359.html), 2019-09-05: "Novelis intends to vigorously defend against the DOJ's challenge, which it believes is without merit."
- [hindustantimes.com](https://www.hindustantimes.com/business-news/hindalco-says-committed-to-aleris-acquisition-despite-us-lawsuit/story-8ajquUn8ltYLUPR3EknshK.html), 2019-09-05: "Novelis intends to vigorously defend against the DOJ's challenge, which it believes is without merit."
- [business-standard.com](https://www.business-standard.com/article/companies/novelis-firm-on-aleris-corp-acquisition-as-us-files-antitrust-suit-119090501534_1.html), 2019-09-05: "Novelis intends to vigorously defend against the DoJ's challenge, which it believes is without merit."
- [thehindu.com](https://www.thehindu.com/business/aleris-deal-still-in-play-despite-lawsuit-hindalco/article29344392.ece), 2019-09-05: "Novelis intends to vigorously defend against the DoJ's challenge, which it believes is without merit."
- [prnewswire.com](https://www.prnewswire.com/news-releases/novelis-receives-approval-from-european-commission-for-proposed-acquisition-of-aleris-300928576.html), 2019-10-01: "Today's announcement is another step forward in bringing Novelis and Aleris together, which will benefit our customers, employees and the aluminum industry as a whole."
- [recyclingtoday.com](https://www.recyclingtoday.com/news/novelis-aleris-acquisition-european-union/), 2019-10-01: "Today's announcement is another step forward in bringing Novelis and Aleris together, which will benefit our customers, employees and the aluminum industry as a whole."
- [livemint.com](https://www.livemint.com/companies/news/european-commission-clears-novelis-s-acquisition-of-aleris-11569952738781.html), 2019-10-01: "Today’s announcement is another step forward in bringing Novelis and Aleris together, which will benefit our customers, employees and the aluminum industry as a whole."
- [publications.europa.eu](http://publications.europa.eu/resource/cellar/6f89de4d-64fa-11eb-aeb5-01aa75ed71a1.0006.03/DOC_1), 2021-02-02: "On 18 February 2019, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 by which Novelis Inc. acquires sole control of the whole of Aleris Corporation by way of purchase of shares."

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