Report
Hindalco abandons $125 million AluChem acquisition after prolonged delays
The Economic Times reports Hindalco said the delays were beyond either party’s control and it will keep evaluating US opportunities.
TLDR
The Economic Times reports Hindalco has called off its planned $125 million purchase of US specialty alumina producer AluChem after prolonged delays in closing the deal. Hindalco said the delays were beyond either party’s control. The company said its specialty alumina strategy remains unchanged and it will continue to evaluate opportunities, including in the US.
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