Insight
European Commission undermines Novelis’ acquisition of Aleris
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The European Commission announced on 25 March that it has launched an in-depth investigation into Novelis’ US$2.58 billion purchase of Aleris. The deal to buy Aleris was announced in July 2018 and a preliminary market investigation by the European Commission ensued. The initial probe raised significant enough concerns over reduced customer choice to warrant a more detailed investigation into the proposed merger. The outcome from the investigation will have an important impact not only on Novelis’ automotive sector growth strategy, but also on any further consolidation in the aluminium rolling industry.
Table of contents
-
The deal logic: When big is beautiful
- Focus on automotive sector and scrap management...
- ...and diversification of end-use markets
- What concerns the European Commission?
- The fallout from the investigation
Tables and charts
This report includes the following images and tables:
-
Novelis pre-Aleris acquisition product mixNovelis post-Aleris acquisition product mixNovelis product sales by regionAleris product sales by region
What's included
This report contains:
Other reports you may be interested in
Insight
Unpacking the EU Emissions Trading System (EU ETS) review
This insight analyses the EU ETS review proposal on 17 July 2026 that sets the framework for Phase 5 of the system covering 2031 to 2040
$1,250
Insight
Bio polyolefins: It's a start!
The molecules exist. The mandates are coming. Who captures the bio-based polymers opportunity depends on what Europe decides in Feb 2028.
$900
Asset Report
Kutcho copper mine project
A detailed analysis of the Kutcho copper mine project.
$2,250
