Zhongwang USA

Zhongwang USA LLC announced an agreement to acquire Aleris for $2.33 billion, including $1.11 billion in cash equity and $1.22 billion in net debt. Aleris will retain its name and personnel.

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.

Zhongwang USA's proposed $1.11 billion acquisition of U.S. aluminum product maker Aleris Corp. is at risk due to national security concerns raised by CFIUS. The parties withdrew their CFIUS notice, and there is no assurance the deal will be approved.

Zhongwang USA LLC, a subsidiary of China-based Zhongwang International Group, agreed to acquire Aleris Corporation for approximately $2.33 billion, pending CFIUS clearance.