# Novelis sells former Aleris plant in Duffel to Alvance for €310M

Novelis Inc. finalized the sale of the former Aleris aluminium plant in Duffel, Belgium, to Alvance, the international aluminum business of the GFG Alliance, for €310 million. The divestment was a condition of Novelis' earlier acquisition of Aleris.

- Type: Acquisition
- Announced: 2020-09-30
- Where: Duffel, Belgium, Belgium
- Value: $363.0M (310.0M EUR)
- Status: completed
- Products: aluminium
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Novelis](https://endata.com/companies/2475.md)
- [Aleris](https://endata.com/companies/3656.md) (target)
- [GFG Alliance](https://endata.com/companies/19734.md) (partner)
- [Alvance](https://endata.com/companies/44781.md) (acquirer)

## Sources

- [lydian.be](https://www.lydian.be/en/news/lydian-assists-novelis-inc-310m-euro-divestment-aleris-aluminium-duffel-alvance), 2020-10-06: "Lydian is proud to have assisted Novelis Inc. in the finalization of the sale of former Aleris plant in Duffel, Belgium to Alvance."
- [worldal.com](http://www.worldal.com/news/unitedstates/2020-10-10/160229782261175.shtml), 2020-10-10: "Novelis Corp. has sold Aleris Corp.'s aluminium production plant in Duffel, Belgium, to Alvance, to fulfil a key condition set for the $2.8-billion takeover."

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