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ALERIS
Birla-owned Novelis set raise $600 million via offshore bondsCitibank, Bank of America, and JPMorgan are among the global bankers harnessed by Novelis, now accounting for about two-thirds of Hindalco’...- Why Aleris buy could lead to valuation re-rating for HindalcoThat should improve consolidated cash flows and offer earnings resilience, lifting Hindalco’s valuation profile.
- US proposes Novelis to divest automotive body sheet biz in North America"Today's proposed divestiture preserves competition in the market for aluminum automotive body sheet and protects automakers and American c...
- Hindalco climbs 9% on completion of Aleris acquisitionHindalco cemented its position as the world's largest producer of value-added aluminium products.
- Hindalco closes $2.8 billion deal to acquire AlerisThis comes at a time when the metals and mining sector is undergoing a severe downturn and tepid demand growth globally.
- Novelis Inc gets nod to complete acquisition of AlerisEarlier, the European Commission had determined that the acquisition could proceed on the condition that Novelis divest Aleris' plant in Du...
- Hindalco's Novelis closer to acquiring Aleris after it agreed to divest Lewisport operationsThe U.S. Department of Justice had filed an antitrust lawsuit during September 2019 seeking to block the Aleris purchase by Kumar Mangalam ...
- Birla group co Novelis to raise $1.6 bn via bondsThe bonds are likely to have eight-to-ten year maturity, and the issue is open for subscriptions in the US, three people with direct knowle...
- European Commission clears Novelis' acquisition of Aleris, with conditionsThe Belgian plant of Aleris, another US-based aluminium rolled products major produces aluminium for the automotive and specialty markets.
- Buy Hindalco Industries, target Rs 244: Emkay Global Financial ServicesThe DoJ cited in its release that the proposed acquisition will reduce the number of auto body sheet producers from four to two.
- US sues to prevent Aditya Birla group subsidiary's acquisition of AlerisA defiant Novelis asserted that it will challenge the lawsuit and is going ahead with its proposed acquisition of Aleris Corporation.
- EU antitrust regulators' move could hurt HindalcoHowever, from an overall cash flow perspective, the company’s stock may not be highly impacted.
- Goldman, Barclays among dozen banks in fray to finance Birla’s $2.6 billion Aleris dealThe move spotlights the increasing role of global lenders in raising cash for outbound M&As by Indian cos.
- Aleris acquisition makes Hindalco largest aluminium company in world: Kumar Mangalam BirlaKumar Mangalam Birla on Aleris buy, Voda-Idea merger and cement plans
- Hindalco shares rally over 4% as arm to acquire Aleris for $2.58 bn; should you buy?Jefferies said that Aleris deal is rich in valuation but risk reward still positive.
- Aleris to take Hindalco to value-added spaceWith Aleris, Novelis’ capacity will increase by 1 mt to 4.3 mt.
- Hindalco arm Novelis to buy US-based Aleris in $2.58 billion dealAleris buyout to be earnings accretive from next fiscal year: KM Birla, Aditya Birla Group.
- Kumar Mangalam Birla steers talks to bring home AlerisKumar Birla stepped in to lead talks with the private equity owners of Aleris to get negotiations moving again.
- Hindalco weighing bid to acquire Aleris Corp of USAn acquisition of Aleris will help Hindalco and Novelis consolidate further in the can and auto segments, the margins for which have been i...
- Kumar Mangalam Birla looks for possible merger with Constellium, Aleris Corp.Deliberations are at an early stage, and Aditya Birla Group hasn’t yet decided whether to proceed with an offer for either business, accord...
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