Apollo Management L.P.

Showa Denko Sells Aluminium Assets To Apollo Global Management

Showa Denko Sells Aluminium Assets To Apollo Global Management

Japanese chemical firm Showa Denko K. K. announced earlier this week the sale of its aluminium business to United States investment fund Apollo Global Management for an undisclosed sum. Thursday’s announcement was the latest in Showa Denko’s move to shed assets. Specifically...

Events

Constellium Celebrates Half a Century of Innovation at C-TEC

Amsterdam’s Constellium N.V. marked the fiftieth anniversary of its world-class technology center in France last Thursday. C-TEC, which is located in the southeastern French city of Voreppe, houses Constellium’s innovation arm and has been responsible for over six hundred patent families and trademarks since it was first opened in 1967. The home of over two […]

Noranda Inks Agreement with Remaining Creditors, Nominates Stalking-Horse Bidder for Remaining Upstream Assets

Franklin, Tennessee’s Noranda Aluminum Holding Corporation announced on Friday that it has negotiated a global settlement agreement with several of the lenders with outstanding claims against Noranda. The document will be submitted to the bankruptcy court handling Noranda’s Chapter 11 proceedings for approval during a hearing later this month. The agreement, among the firm’s secured […]

Judge to Pick from Two Offers for Noranda’s Upstream Business Today

Tennessee’s Noranda Aluminum received two competing offers for its upstream business this week as it auctions off an idled smelter in Missouri, an operating alumina refinery in Louisiana, and a bauxite mining operation in Jamaica. According to bankruptcy court records, Swiss firm ARG International AG, which was formed by a former top Glencore plc aluminium […]

Aleris Purchased by Zhongwang for US$2.33 bln

Cleveland’s Aleris Corporation announced today that it has been purchased by Zhongwang USA LLC, a firm owned by China Zhongwang’s Liu Zhongtian. According to the press release, the purchase price was US$2.33 billion. Aleris indicated that the purchase price was made up of US$1.1 billion in cash, with the balance being debt. Zhongwang, which is […]