The European Commission decided on Tuesday 1st October to authorise the acquisition (merger) of Aleris by Novelis, on the condition that it sells Aleris' aluminium foil activities used in car bodywork in Europe.
The decision follows an in-depth investigation into the transaction, which combines Novelis, the world's largest producer of aluminium foil for car bodywork, and Aleris, a well-established supplier of the same product (see EUROPE B12221A16). Both companies are global manufacturers...