Hindalco cemented its position as the world's largest producer of value-added aluminium products.

This comes at a time when the metals and mining sector is undergoing a severe downturn and tepid demand growth globally.

Earlier, the European Commission had determined that the acquisition could proceed on the condition that Novelis divest Aleris' plant in Du...

The U.S. Department of Justice had filed an antitrust lawsuit during September 2019 seeking to block the Aleris purchase by Kumar Mangalam ...

The 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...

The Belgian plant of Aleris, another US-based aluminium rolled products major produces aluminium for the automotive and specialty markets.

The DoJ cited in its release that the proposed acquisition will reduce the number of auto body sheet producers from four to two.

A defiant Novelis asserted that it will challenge the lawsuit and is going ahead with its proposed acquisition of Aleris Corporation.

However, from an overall cash flow perspective, the company’s stock may not be highly impacted.

The move spotlights the increasing role of global lenders in raising cash for outbound M&As by Indian cos.

Kumar Mangalam Birla on Aleris buy, Voda-Idea merger and cement plans

Jefferies said that Aleris deal is rich in valuation but risk reward still positive.

With Aleris, Novelis’ capacity will increase by 1 mt to 4.3 mt.

Aleris buyout to be earnings accretive from next fiscal year: KM Birla, Aditya Birla Group.

Kumar Birla stepped in to lead talks with the private equity owners of Aleris to get negotiations moving again.

An acquisition of Aleris will help Hindalco and Novelis consolidate further in the can and auto segments, the margins for which have been i...

Deliberations are at an early stage, and Aditya Birla Group hasn’t yet decided whether to proceed with an offer for either business, accord...