Deal Snapshot
ZHONGWANG´S USD 2.33BN BUYOUT OF US ALUMINIUM, ROLLED PRODUCTS PRODUCER ALERIS WILL NOT PROCEED
Tuesday 14 November 2017

The planned acquisition of Ohio-based global aluminium rolled products producer Aleris Corp. by China-based investment firm Zhongwang USA LLC will not proceed, Aleris said. The aggregate value of Aleris amounts to USD 2.33bn.
The merger agreement between the parties expired by its terms on November 12, 2017. The merger was subject to customary regulatory approvals, including approval from the Committee on Foreign Investment in the United States (CFIUS). In July 2017, CFIUS raised concerns about the transaction, and the parties withdrew their filing while extending the merger agreement to allow for additional discussions.


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Details
Date Published: 14/11/2017
Target: Aleris Corp
Country: USA
Deal Size: 2.33bn (USD)
Sector: Metals/Mining
Type: Corporate acquisition
Financing: Cash
Status: Terminated
Vendor: Oaktree Capital Management, affiliates of Apollo Management and Sankaty Advisors
Buyer: Zhongwang USA LLC
Comment:
Deal killed after the Committee on Foreign Investment inĀ the United StatesĀ (CFIUS) expressed concerns

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