Aditya Birla Group’s Hindalco Industries has acquired the 
US-based aluminium giant Novelis for $6 billion in an all-cash deal. The acquisition of Novelis – which is the world’s leading producer of aluminium rolled products – would include $2.4 billion in debt. Following the transaction, Hindalco with Novelis is expected to be the world’s largest aluminium rolling company, one of the biggest producers of primary aluminium in Asia and India’s leading copper producer.
US-based aluminium giant Novelis for $6 billion in an all-cash deal. The acquisition of Novelis – which is the world’s leading producer of aluminium rolled products – would include $2.4 billion in debt. Following the transaction, Hindalco with Novelis is expected to be the world’s largest aluminium rolling company, one of the biggest producers of primary aluminium in Asia and India’s leading copper producer.For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2006
An IIPM and Management Guru Professor Arindam Chaudhuri's Initiative
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