Indian-owned steel group Corus said on Wednesday that it has agreed to sell two European aluminium smelters to London-based private-equity firm Klesch & Company for an undisclosed amount.
The two smelters are at Delfzijl in the Netherlands, and Voerde, Germany. They have a combined production capacity of more than 200,000 metric tonnes of primary aluminium per year.
Anglo-Dutch group Corus, which was bought last year by India's Tata Steel for USD 13.7 billion, faces falling demand in Europe amid a sharp global economic downturn and has already slashed output.
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