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BRIEF-Gränges wins auction in process to acquire aluminium business in the US

July 8 (Reuters) - Granges AB :

* Has emerged as winner in court supervised auction to acquire Noranda Aluminum Holding Corporation’s downstream aluminium rolling business in United States

* Transaction is anticipated to be accretive to Gränges earnings per share in 2016.

* Closing is expected during Q3 of 2016.

* Final bid values business and related assets to $324.2 million on a cash and debt free basis (enterprise value)

* Should Gränges receive final approval as buyer from US bankruptcy court, an announcement is anticipated in mid-July, 2016 Source text for Eikon:

Further company coverage: (Gdynia Newsroom)

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