Final measures of Commission: divestment of plant for approval of Novelis/Aleris acquisition
The European Commission has adopted final measures to preserve Novelis's divestment of the former Aleris plant in Duffel, Belgium, under Article 8(4)(b) of the EU Merger Regulation.
Novelis had committed to that divestment in order to obtain clearance of its acquisition of Aleris (conditionally approved on 1 October 2019), but failed to close the sale within the promised deadline, despite extensions having been granted - rendering the decision and commitments inapplicable.
The Commission therefore adopted provisional interim measures to preserve competition, and Novelis later sold the Duffel plant (to Liberty House), as authorised by the Commission in compliance with the interim measures.
The final measures now adopt