Hindalco terminates AluChem acquisition amid delays
after close1 source ↓written by the desknot a recommendation
- acquisition of AluChem
- $125 million
Hindalco Industries Ltd has called off its $125 million acquisition of AluChem Companies Inc due to prolonged closing delays. The decision, made jointly with AluChem, was announced in a regulatory filing. Despite this setback, Hindalco remains committed to expanding its speciality alumina business. 📉
Not investment advice. For informational purposes only.