Aluminum recycler Novelis targets up to $12.6 billion valuation in US IPO
By Pritam Biswas (Reuters) -Novelis, owned by Indian billionaire Kumar Mangalam Birla’s Hindalco Industries, is targeting a valuation of up to $12.6 billion in its initial public offering in the United States, the aluminum products maker said on Tuesday. The world’s largest recycler of aluminum, whose customers include Coca-Cola, Ford, Jaguar LandRover, said its parent …
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