# Zhongwang USA and Aleris abandon $2.3B merger after CFIUS concerns

Zhongwang USA LLC's planned acquisition of Aleris Corporation for approximately $2.3 billion has been abandoned after the merger agreement expired on November 12, 2017, due to unresolved CFIUS national security concerns.

- Type: Acquisition
- Announced: 2017-11-13
- Where: United States
- Value: $2.30B
- Status: cancelled
- Products: aluminum
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Aleris](https://endata.com/companies/3656.md) (target)
- [Zhongwang USA](https://endata.com/companies/20670.md) (acquirer)

## Sources

- [tradepractitioner.com](https://www.tradepractitioner.com/2017/11/cfius-upcomingnew-filing-zhongwang-usa-llcliu-zhongtian-and-aleris-corporation/), 2017-11-13: "Aleris Corporation’s planned acquisition by Zhongwang USA LLC has been abandoned after the merger agreement expired on November 12, 2017."
- [prnewswire.com](https://www.prnewswire.com/news-releases/zhongwang-usa-acquisition-of-aleris-will-not-proceed-300554423.html), 2017-11-13: "While this is not the outcome we intended, we remain committed to our growth strategy and have made great strides over the past year in expanding our capacity and developing the capabilities required to meet the future demands of our industry."
- [reuters.com](https://www.reuters.com/article/business/aleris-zhongwang-usa-scrap-merger-after-regulatory-snag-idUSKBN1DD1PU/), 2017-11-13: "The companies said the $2.33 billion deal was terminated by mutual agreement after the U.S. Committee on Foreign Investment in the United States did not approve it."
- [usglassmag.com](https://www.usglassmag.com/zhongwang-usa-terminates-2-3-billion-proposed-acquisition-of-aleris-corp/), 2017-11-14: "Zhongwang USA, a Chinese-owned aluminum company, announced that its merger agreement with Aleris Corporation has been terminated per a mutual agreement."
- [dwmmag.com](https://www.dwmmag.com/2017/11/15/zhongwang-usa-terminatesproposed-acquisition-of-aleris/), 2017-11-15: "Zhongwang USA, a Chinese-owned aluminum company, announced that its merger agreement with Aleris Corporation has been terminated per a mutual agreement."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.