date:Jul 07, 2012
The Georgia-based firm sold the European sites to Eurofoil, a unit of American Industrial Acquisition Corporation (AIAC).
The company said it would enable a focus on their other businesses, including beverage cans, and research into an aluminium beverage can made of 100% recyclable material.
The transaction includes foil rolling operations in Rugles, France; Dudelange, Luxembourg; and Berlin, Germany.
Novelis still have an aluminium foil presence in Europe and North and South America.
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