Novelis Inc will not complete its acquisition of Aleris Corp by the previously announced January 21 deadline, a company spokesperson confirmed to Fastmarkets AMM on Tuesday January 14.
"Novelis will no longer be able to meet the January 21, 2020, target date to close the acquisition of Aleris as a result of the European Commission's request for additional time to review Liberty House Group as the buyer of Aleris' plant in Duffel, Belgium," the spokesperson said via email.In October 2019, the European Commission granted...