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Birla said to weigh bids for Aleris and Constellium

Shares of Constellium jumped 8.1% in US trading

George Smith Alexander Dinesh Nair Siddharth Philip & Swansy Afonso | Bloomberg  |  Mumbai | London 

Indian billionaire Kumar Mangalam Birla is evaluating possible bids for Constellium NV and Aleris Corp as his conglomerate seeks to grow its aluminum operations overseas, people with knowledge of the matter said. Deliberations are at an early stage, and Aditya Birla Group hasn't yet decided whether to proceed with an offer for either business, according to the people. The conglomerate could decide to pursue an acquisition through Novelis Inc, a unit of Birla's Mumbai-listed Hindalco Industries Ltd, one of the people said, asking not to be identified because the information ...

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First Published: Sat, September 02 2017. 01:59 IST
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