trending Market Intelligence /marketintelligence/en/news-insights/trending/OSs7UPBq-D8v7ESkEEDwIg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Novelis is granted Chinese antitrust approval for Aleris purchase

Mining Exploration Insights December

Mining Exploration Insights: Dip in gold drilling weighs on results

Mining Exploration Insights: Is the exploration sector back on recovery?

State of the Market: Mining Q2-2019

Novelis is granted Chinese antitrust approval for Aleris purchase

Hindalco Industries Ltd. unit Novelis Inc., an aluminum producer, secured approval from China's antitrust authority, State Administration for Market Regulation, for its proposed US$2.6 billion purchase of Ohio-based aluminum-maker Aleris Corp.

As part of the approval, Novelis said Dec. 20 that it agreed to sell Aleris' aluminum plant in Duffel, Belgium, to an independent third party.

In October, the European Commission granted conditional approval of the deal. The company sees a clear path for approval from U.S. authorities despite an injunction filed in September over competition concerns.

Closing is expected by Jan. 21, 2020.