Edition:
India

Novelis To Buy Downstream Aluminum Producer Aleris For About $2.6 Bln


Thursday, 26 Jul 2018 

July 26 (Reuters) - Novelis Corp [RIC:RIC:NVLXC.UL]::NOVELIS TO ACQUIRE DOWNSTREAM ALUMINUM PRODUCER ALERIS.NOVELIS INC - TO ACQUIRE ALERIS CORPORATION, A GLOBAL SUPPLIER OF ROLLED ALUMINUM PRODUCTS, FOR APPROXIMATELY $2.6 BILLION INCLUDING ASSUMPTION OF DEBT.NOVELIS INC - WILL ACQUIRE ALERIS' 13 MANUFACTURING FACILITIES ACROSS NORTH AMERICA, ASIA AND EUROPE.NOVELIS - UNTIL DEAL CLOSING, COMPANIES WILL CONTINUE TO OPERATE AS SEPARATE ENTITIES.NOVELIS - FOLLOWING DEAL CLOSE, 2 COS WILL INTEGRATE ALERIS INTO NOVELIS, WHICH WILL REMAIN HEADQUARTERED IN ATLANTA.