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Novelis, Aleris simple case review faces Chinese industry challenge

By Yue Yang ( October 15, 2018, 09:20 GMT | Insight) -- A proposed $2.6 billion acquisition of Cleveland-based rolled aluminum products supplier Aleris by Novelis, a US unit of India’s Hindalco Industries, has prompted rumblings of discontent in China’s aluminum industry following the transaction's qualification for a simple case review. A notification lawyer told MLex that a formal complaint to China's merger regulator would typically prompt M&A deal case handlers to take a second look at the transaction.A proposed $2.6 billion acquisition of Cleveland-based rolled aluminum products supplier Aleris by Novelis, a US unit of India’s Hindalco Industries, has prompted rumblings of discontent in China’s aluminum industry following the transaction's qualification for a simple case review....

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