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Aditya Birla group firm buys US firm Aleris for $2.58 billion

Kumar Mangalam Birla, Chairman, Aditya Birla Group

MUMBAI: Aditya Birla group’s Novelis Inc, a subsidiary of Hindalco, has agreed to purchase US-based Aleris Corporation, a global aluminium rolled products major, for $2.58 billion in a debt finance deal.

Novelis will take over 13 production facilities in North America, Europe and Asia as part of the acquisition.

 

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Credit: indianexpress.com

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