Hindalco’s US arm buys aluminium producer Aleris for $2.58b

Hindalco’s US arm buys aluminium producer Aleris for $2.58b

Kumar Mangalam Birla, Chairman, Aditya Birla Group. Photo: Mint

Billionaire Kumar Mangalam Birla’s Hindalco Industries Ltd has agreed to buy US aluminium sheet maker Aleris Corp. at an enterprise value of $2.58 billion to create the world’s second-largest aluminium maker.

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