Novelis receives Chinese antitrust approval for acquisition of Aleris

Novelis Inc. announced that China's State Administration for Market Regulation approved its proposed acquisition of Aleris Corporation. As part of the approval, Novelis agreed to sell the Aleris plant in Duffel, Belgium to an independent third party. The transaction is expected to close by January 21, 2020.

“This is a significant step forward in uniting these two world-class manufacturing companies.”prnewswire.com

• 3 sources
• prnewswire.comNovelis Receives Approval from Chinese Antitrust Authority for Proposed Acquisition of AlerisNovelis Inc.Dec 20, 2019
• scrapmonster.comNovelis-Aleris Merger Deal Receives Chinese Antitrust Authority Nod - 2019-12-23 | ScrapMonsterPaul PloumisDec 23, 2019
• modernmetals.comCarpe diemCorinna PetryJan 31, 2020

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