US Court approves Granges' acquisition of Noranda's downstream business

摘要

The US Bankruptcy Court has approved Granges' acquisition of Noranda Aluminum Holding Corporation's downstream aluminium rolling business in the United States. The transaction doubles Granges sales volume and strengthens its position in North America. Further, Granges will add a number of strategic and attractive market segments in rolled aluminium. The transaction was closed on 22 August 2016.