Hindalco bids for Aleris Corp. via Novelis

Hindalco Industries, through its US unit Novelis Inc., submitted a non-binding offer for US aluminum producer Aleris Corp., which could value Aleris at around $2.5 billion including debt.

“Hindalco made a non-binding offer through its US unit, Novelis Inc., and will now conduct due diligence.”livemint.com

• 1 source
• livemint.comHindalco is said to bid for $2.5 billion aluminum firm AlerisGeorge Smith Alexander, Bhuma ShrivastavaJan 4, 2018

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