Hindalco to acquire Aleris Corp. for $2.58 billion

Hindalco Industries agreed to acquire US-based aluminium sheet maker Aleris Corp. for $2.58 billion through its subsidiary Novelis. The deal is expected to close within 9-15 months, subject to regulatory approvals.

“The merger will have synergies of $150 million.”iloconsulting.in

• 1 source
• iloconsulting.inAleris Acquisition Makes Hindalco Largest Aluminium Company in WorldSep 4, 2018

Summarized from public sources; check the original articles before acting on it.