Report

Hindalco’s Novelis lines up $265 million China sale, with a conditional sweetener

Signed isn’t closed: Hindalco expects completion within 12 months of the November 14 agreement, subject to regulatory approvals.

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Hindalco's Novelis to sell two China units for $265 million

TLDR

Novelis, the US-based aluminum producer owned by Hindalco, has agreed to sell two Chinese subsidiaries to Shenzhen Hongzhi Industrial Investment or its affiliates for about $265 million. An extra earn-out of up to $10 million isn’t money in the bank: it depends on specified conditions. Closing is expected within 12 months of the November 14, 2026 signing, subject to regulatory approvals.

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