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Novelis-Aleris deal cleared conditionally by China on tighter market definition

By MLex Staff ( December 23, 2019, 06:45 GMT | Insight) -- Novelis, the world's largest producer of flat-rolled aluminum products, has secured Chinese approval for its acquisition of smaller rival Aleris, but must follow certain requirements to mitigate the possible anticompetitive effects of the takeover.Novelis, the world's largest producer of flat-rolled aluminum products, has secured Chinese approval for its acquisition of smaller rival Aleris, but must follow certain requirements to mitigate the possible anticompetitive effects of the takeover....

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