U.S. aluminum producer Novelis is set to secure EU antitrust approval for its $2...
FILE PHOTO: A staff checks finished aluminum coils at the facility of flat-rolled aluminum products maker Novelis, part of Aditya Birla Group, in Sierre, Switzerland, September 12, 2018. REUTERS/Denis Balibouse/File Photo
Novelis, which is U.S.-based but owned by India’s Hindalco Industries, has agreed to sell Aleris’ Belgian plant, the people said, to address European Commission worries that the deal may reduce competition and lead to higher prices, hitting carmakers in particular.Novelis, the world leader in aluminum rolled products and aluminum recycling, is seeking to diversify into the aerospace, automotive, beverage can and construction industries.
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