Hindalco calls off AluChem acquisition amid prolonged closing delays
Hindalco Industries Ltd has decided to terminate its USD 125 million acquisition of AluChem Companies Inc. The cancellation follows extended delays in closing the transaction, affecting both parties involved. Hindalco maintains its strategy for expanding the speciality alumina business remains unchanged despite this setback. AluChem will continue operating independently, serving…
The Economic Times ·
The Economic Times
