Lineup of potential bidders gets even more impressive
Mitsui, Kaiser join race for Nalco stake
The lineup of potential bidders for Nalco is getting even more impressive. Global metal giants ranging from Alcan of Canada, Mitsui and Nippon Light of Japan, Kaiser of USA and China Aluminium have expressed interest in competing for the divestment of the blue chip. All these players have held discussions and exploratory meetings with officials and departments involved in the process and are now firming up their strategy.
The government kicked off the process for inviting expression of interest (EOI) for Nalco. Other serious bidders in the race who are firming up their strategy include Alcoa, Hindalco, Pechiney and BHP. Kaiser Aluminium Corporation based in the US is a leading producer and marketer of alumina, primary aluminium, flat-rolled products, and engineered products.
