# 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.

- Type: Acquisition
- Announced: 2018-01-04
- Where: Ohio, United States
- Value: $2.50B
- Status: rumored
- Products: rolled aluminum sheet products
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Novelis](https://endata.com/companies/2475.md) (acquirer)
- [Aleris](https://endata.com/companies/3656.md) (target)
- [Hindalco Industries](https://endata.com/companies/13368.md) (acquirer)

## Sources

- [livemint.com](https://www.livemint.com/Companies/FRFPLuZx7hxpcHrYVYBGAK/Hindalco-is-said-to-bid-for-25-billion-aluminum-firm-Aleri.html), 2018-01-04: "Hindalco made a non-binding offer through its US unit, Novelis Inc., and will now conduct due diligence."

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