atlantabased novelis a wholly owned subsidiary of hindalco industries ltd must also reimburse the government for its costs washington novelis inc won antitrust approval for its proposed 26 billion purchase of aleris corp on condition it divest part of its auto body supply business the justice department said on monday the department sued in september to stop the deal to combine two of the four major north american producers of aluminum to make automobile bodies instead of going to trial the department took the dispute to arbitration where the government prevailed as a result novelis must divest aleriss entire aluminum auto body sheet operations in north america which will fully preserve competition in this important industry the department said in a statement advt those operations are in aleris lewisport kentucky plant novelis said in a statement atlantabased novelis a wholly owned subsidiary of hindalco industries ltd must also reimburse the government for its costs novelis chief executive steve fisher took issue with the ruling saying this decision ignores the reality of the automotive body sheet market and the competition we have faced against steel for years fisher said that novelis would move forward with the proposed transaction read alsoshanghai aluminium hits lowest in nearly 3 yrs as virus spreadschina janfeb copper imports rise on restocking virus sinks aluminium exports reuters published on mar 10 2020 at 0403 pm ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etauto app get realtime updates save your favourite articles scan to download app aluminium auto body supply business automobile bodies novelis aleris homenewsauto componentsnovelis wins antitrust approval to buy aleris with conditions