US DOJ proposes Novelis divest Aleris North American automotive body sheet operations

The US Department of Justice proposed a federal court order requiring Hindalco-owned Novelis to divest all stakes in Aleris' North American aluminum automotive body sheet operations due to antitrust concerns, following an arbitration ruling in favor of the US.

“Today's proposed divestiture preserves competition in the market for aluminum automotive body sheet”thehawk.in

• 1 source
• thehawk.inUS Proposes India's Hindalco-owned Novelis to Divest Investment in Aluminium Major AlerisApr 20, 2022

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