Aditya Birla Group's Novelis Inc.'s planned acquisition of Aleris Corp. was delayed by three months after it failed to obtain regulatory approval, according to reports.
Although China has approved the deal, the US and the EU authorities were still reviewing it and were unlikely to complete it before the original deadline.
Novelis Inc. remained committed to the acquisition of Aleris Corp. and will continue to work with all relevant parties to complete this task as soon as possible, according to understanding.
Novelis' acquisition of Aleris postponed
20 Jan 2020 16:32 reported by Lemon
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