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.
Credit: indianexpress.com