China's Zhongwang acquires PE-owned Aleris for $2.3b
A unit of China Zhongwang has agreed to buy US aluminum company Aleris Corporation in a deal worth $2.3 billion, facilitating an exit for majority owner Oaktree Capital Management.
According to a statement, the transaction will include a cash component of $1.1 billion plus $1.2 billion in transferred debt. Other vendors will include private equity firm Apollo Global Management and...
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