(MENAFN) Zhongwang, Chinese aluminum maker, announced plans to acquire its US counterpart Aleris Co. for USD2,33b.
The Chinese Zhongwang confirmed that they agreed to acquire Aleris from its private equity owners for USD1.11b, in addition to USD1.22b net debt, and the deal would not change the current management of Aleris.
Moreover, Zhongwang listed as the world's second largest aluminum extrusion product manufacturer
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