Tinto Alcan Inc. has received permission from the European
Commission to sell two plants in France to Trimet Aluminum AG
and Electricité de France SA (EDF).
The commission said
Dec. 13 that the deal gives joint control of the facilities to
Trimet, Germanys largest aluminum producer, and
Trimet announced in
July that it had submitted a binding offer to purchase
Montreal-based Rio Tinto Alcans plants in
Saint-Jean-de-Maurienne and Castelsarrasin, France. The company
said the acquisitions would expand its portfolio of specialized
light metal products and secure a long-term supply of aluminum
amm.com, July 15).
EDF was expected to
take a minority stake in the plants, which make aluminum wire
for applications such as electric cabling for the energy
industry and connecting elements for the automotive
Rio Tinto Alcan
announced plans to dispose of the sites a year ago (
amm.com, Dec. 12, 2012). The company has since
confirmed that it is reorganizing its commercial businesses in
the Americas and Europe, which sources have said comes in part
because divestitures in both regions have left the company with
a smaller footprint and fewer pounds of metal to sell (
amm.com, Dec. 6).
Besides the sale of
its French operations, Rio Tinto Alcan also has sold a smelter
in Sebree, Ky., to Chicago-based Century Aluminum Co. (
amm.com, June 3) and decided to halt work on a
multibillion-dollar smelter project in Paraguay (
amm.com, Dec. 11).