China Zhongwang To Buy Oaktree Capital-Backed Aleris For $2.33B

steelA unit affiliated with Chinese aluminum maker China Zhongwang Holdings Ltd. has agreed to acquire Cleveland-based Aleris Corp. from its private equity owners including Oaktree Capital Management for US$2.33 billion including debt, according to a company announcement. The deal, which is being conducted via Zhongwang USA LLC, an investment company owned by China Zhongwang, comprises […]

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Read the original article: China Money Network