Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE  
Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel,   BELGIË  
 
Tel: +32 229- 91111. Fax: +32 229 -64301. E -mail: COMP -MERGER -REGISTRY@ec.europa.eu.  
  EUROPEAN COMMISSION  
Brussels,  20.1.2020  
C(2020)  389 final  
PUBLIC VERSION 
To the notifying party 
Subject : Case M. 9693 – LIBERTY / ALERIS DIVESTMENT BUSINESS  
Commission decision pursuant to Article 6(1)(b) of Council Regulation 
(EC) No  139/20041 and Article 57 of the Agreement on the European 
Economic Area2  
Dear Sir or Madam,  
1. On 4 December  2019, the  European Commission received notification of a proposed 
conc entration pursuant to Article 4 of the Merger  Regulation by which the 
undertaking  Liberty House Group Pte. Ltd (‘Liberty’, Singapore ) acquire s within the 
meaning of Article 3(1)(b)  of the Merger Regulation sole  control over the automotive 
body sheets business, as well as other flat rolled products business, located at Aleris  
Corporation’s production plant in Duffel (Belgium)  (‘Aleris D ivestment Business ’, 
Belgium ), currently wholly owned by the undertaking Aleris Corporation  (USA) , by 
way of purchase  of share s.3 
2. The business activities of the undertakings concerned are:  
− for Liberty: metals recycling, manufacture of steel , aluminium and engineering 
products ; 
− for Aleris Divestment Business : manufacture and sale of aluminium flat- rolled 
products, including in particular aluminium automotive body sheets , 
aluminium sheet for  heat exchanger s and standard aluminium flat rolled 
products. 
                                                 
1 OJ L 24, 29.1.2004, p. 1 ( the ‘Merger Regulation ’). With effect from 1 December 2009,  the Treaty on 
the Functioning of the European Union ( ‘TFEU ’) has introduced certain changes, such as the 
replacement of ‘Community ’ by ‘Union’  and ‘common market ’ by ‘internal market ’. The terminology 
of the TFEU will be used throughout this  decision.  
2  OJ L 1, 3.1.1994, p.  3 (the ‘EEA Agreement ’). 
3  Publication in the Official Journal of the European Union No C 420, 13.12.2019 , p. 26. 

2 3. After examination of the notification, the European Commission has concluded that 
the notified operation falls within the scope of the Merger  Regulation and of 
paragraph 5(c) of the Commission Notice on a simplified procedure for treatment of 
certain concentrations under Council Regulation (EC) No  139/2004.4 
4. For the reasons set out in the Notice on a simplified procedure, the European 
Commission has decided not to oppose the notified operation and to declare it 
compatible with the internal market and with the EEA Agreement. This decision is 
adopted in application of Article 6(1)(b) of the Merger  Regulation  and Article 57 of 
the EEA Agre ement . This decision is adopted without prejudice to the ongoing 
assessment of Liberty as a suitable purchaser of Aleris Divestment Business following 
the final commitments submitted by Novelis  Inc. to the Commission  in case M.9076 – 
Novelis /Aleris . 
For th e Commission  
 
 
(Signed)  
Olivier  GUERSENT  
Director -General  
                                                 
4  OJ C 366, 14.12.2013, p. 5.