HINDALCO NOVELIS PDF

EV multiple at an attractive 7. Mumbai: Hindalco Industries Limited, the Aditya Birla Group metals flagship company, today announced the completion of the Aleris acquisition by its wholly-owned subsidiary Novelis Inc. The closure of this deal amidst challenging market conditions, reflects our conviction in the Aleris business and its value to our metals portfolio. Periods of turmoil have historically seen the emergence of champions, powered by quality leadership and sound business fundamentals. Through the creation of an industry champion, we are reinforcing our commitment to our customers, employees and shareholders.

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EV multiple at an attractive 7. Mumbai: Hindalco Industries Limited, the Aditya Birla Group metals flagship company, today announced the completion of the Aleris acquisition by its wholly-owned subsidiary Novelis Inc.

The closure of this deal amidst challenging market conditions, reflects our conviction in the Aleris business and its value to our metals portfolio. Periods of turmoil have historically seen the emergence of champions, powered by quality leadership and sound business fundamentals. Through the creation of an industry champion, we are reinforcing our commitment to our customers, employees and shareholders.

At the same time, with this further expansion in our aluminium portfolio, we have taken a decisive step towards a more sustainable future. It further insulates Hindalco-Novelis from global price volatility and sharpens our focus on the downstream business.

Aleris enhances our strategic position in Asia and also solidifies our position as a leading global metals player, with a stronger presence across the U.

I thank the team for closing this important deal," said Mr. Despite the increase in legacy Aleris debt, the implied enterprise value multiple of 7. Guided by its purpose of building a greener, stronger, smarter world, Hindalco provides innovative solutions for a sustainable planet. Its wholly-owned subsidiary Novelis Inc.

About Novelis Novelis Inc. Novelis is a subsidiary of Hindalco Industries Limited, an industry leader in aluminum and copper, and the metals flagship company of the Aditya Birla Group, a multinational conglomerate based in Mumbai, India. For more information, visit novelis. About Aleris Aleris is a privately held, global leader in aluminum rolled products serving diverse industries including aerospace, automotive, building and construction, commercial transportation and industrial manufacturing.

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Hindalco-Novelis completes acquisition of Aleris Corporation

How do you look at the valuation? Those fears are completely unfounded. The way to look at valuation is to see other comparable transactions in the same sector. I would say that 7.

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Hindalco owned Novelis to buy Aleris for $2.6 billion

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