trending Market Intelligence /marketintelligence/en/news-insights/trending/uM9xl5aqyu4N6lwfruBRZw2 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.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

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

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Sanjeev Gupta's GFG Alliance buying Belgian aluminum smelter from Novelis

COVID19 Mining Impacts Mining Projects With At Risk Production

Mining Insights Newsletter June 2020

A Decade of Underperformance for Gold Discoveries

State of the Market: Mining Q1-2020

Sanjeev Gupta's GFG Alliance buying Belgian aluminum smelter from Novelis

Sanjeev Gupta's GFG Alliance Ltd. agreed to acquire the Duffel aluminum plant in Belgium from Novelis Inc., in keeping with EU conditions for approving Novelis' US$2.6 billion takeover of Aleris Corp., which previously raised competition concerns, Reuters reported Dec. 6, citing a GFG Alliance statement.

GFG Alliance did not disclose a price for the deal and expects it to close in coming months. Duffel is the latest in a series of aluminum and steel takeovers around the world by GFG Alliance, having acquired a French aluminum smelter and a U.S. steel company a year ago, as well as ArcelorMittal's European steel assets earlier in 2019.

Duffel supplies the auto sector and is one of the largest rolling mills in Europe, with the capacity to produce 240,000 tonnes of semifinished aluminum products every year.

As a private company, GFG Alliance's rapid expansion has raised questions about financial transparency and corporate governance structures, as well as the uncommon nature and cost of its borrowings, with the company laying out plans in October to publish consolidated accounts and name a board of directors for the first time. It is also looking to consolidate its steel businesses into a single global company, targeting carbon-neutral operations by 2030.

Novelis is a unit of India's Hindalco Industries Ltd.