Novelis closes sale of former Aleris plant in Duffel, Belgium

Novelis Inc., the world leader in aluminum rolling and recycling, announced it has sold the former Aleris plant in Duffel, Belgium to ALVANCE, the international aluminium business of the GFG Alliance.

Previously, the European Commission and Chinese State Administration for Market Regulation determined that Novelis’ acquisition of Aleris, which closed earlier this year, could proceed on the condition that Novelis divest the Duffel plant to a third party that met certain buyer suitability requirements. Both regulators have now approved ALVANCE as a suitable buyer and have permitted the sale to be completed.

Read more at Novelis Closes Sale of Former Aleris Plant in Duffel, Belgium.

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