Hindalco bids for $2.5 bn US aluminium firm Aleris: Reports
Aditya Birla Group unit Hindalco Industries is reportedly among potential buyers that submitted bids for US aluminium producer Aleris. The bid has been made through Hindalcoâs US unit Novelis at a deal value of around $2.5 billion, reports said. Earlier, Aleris' sale to an investment firm backed by a Chinese tycoon was called off after failing to win US approval.