# 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.

- Type: Acquisition
- Announced: 2019-12-20
- 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)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/novelis-receives-approval-from-chinese-antitrust-authority-for-proposed-acquisition-of-aleris-300978321.html), 2019-12-20: "This is a significant step forward in uniting these two world-class manufacturing companies."
- [scrapmonster.com](https://www.scrapmonster.com/news/aluminum/novelisaleris-merger-deal-receives-chinese-antitrust-authority-nod/73824), 2019-12-23: "The SAMR approval has given hopes of a possible closure of the transaction by January 21, 2020, the outside date under the merger agreement."
- [modernmetals.com](https://www.modernmetals.com/15608-while-industry-oracles-and-observers-rarely-have-clear-sight-metals-producers-possess-the-vision-to-bet-on-the-future.html?highlight=WyJtZXRhbCIsImZpbmlzaCIsImVxdWlwbWVudCJd), 2020-01-31: "Novelis Inc., a division of India’s Hindalco Industries Ltd., is working to acquire Aleris Corp., which has 13 aluminum rolling operations across North America."

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