# European Commission conditionally approves Novelis' acquisition of Aleris

The European Commission conditionally authorized Novelis' acquisition of Aleris on October 1, 2019, requiring the divestiture of Aleris' aluminium foil activities used in car bodywork in Europe, including its production plant in Duffel, Belgium.

- Type: Acquisition
- Announced: 2019-10-01
- Where: Duffel, Belgium, Belgium
- Value: $2.58B
- Status: announced
- Products: aluminium foil for car bodywork
- 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](https://endata.com/companies/43246.md) (investor)

## Sources

- [agenceurope.eu](https://agenceurope.eu/en/bulletin/article/12339/14/commission-conditionally-authorises-novelis-acquisition-of-aleris), 2019-09-30: "The parties have proposed to divest all of Aleris' aluminium foil activities used in car bodywork in Europe, including its production plant in Duffel (Belgium)."
- [middleeastmetals.ir](https://middleeastmetals.ir/en/news/7388/novelis-expects-aleris-acquisition-deal-to-close-by-early-next-year), 2019-11-12: "Novelis is expected to close the deal of the acquisition of Aleris Corporation by January 21, 2020."

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