Hindalco Industries to acquire Novelis Inc.

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Hindalco Industries to acquire Novelis Inc.
India based Hindalco Industries Ltd. has said in a statement that they are acquiring Novelis Inc. through an all-cash deal that values the Canadian company at $3.5 billion.
Hindalco Chairman K.M. Birla added that this deal would help them gain access to new technology and markets. It is also likely to [...]

http://business.techwhack.co/1872/hindalc...stries-novelis/