Reuters exclusively reported that U.S. aluminum producer Novelis, which is owned by India’s Hindalco Industries, is set to secure EU antitrust approval for its $2.6 billion bid for Aleris. Reuters sources said the EU green light is conditional on a substantial package of assets offered by Novelis including asset sales. Hindalco’s shares jumped 3.7 percent a day after the Reuters story was published.
Reuters exclusively reports Novelis’ $2.6 billion Aleris deal set for EU green light
29 August 2019, 12:00 am 1 minute
Article Tags
Type: Reuters Best
Sectors: Equities
Regions: Europe / Middle East / Africa