a potential dealbreaker will prove to be a strategic loss for hindalco that wants to be at the forefront of any technological development of aluminium for use in the emerging electric vehicle space new delhi escalation of the european union antitrust regulators concerns regarding novelis acquisition of aleris and a potential dealbreaker could be a strategic loss for parent company hindalco that wants to manufacture more value added aluminium products however from an overall cash flow perspective the companys stock may not be highly impacted to be sure novelis has said that even though it has received the european commissions statement of objections it is a standard step in the ecs second phase of the review process and does not prejudge the final outcome of the process advt novelis had acquired aleris last year in a move that gave hindalcos us subsidiary an opportunity to increase its share of premium value added offerings in the auto sector as well as marked its entry into the sophisticated aerospace industry a potential dealbreaker will prove to be a strategic loss for hindalco that wants to be at the forefront of any technological development of aluminium for use in the emerging electric vehicle space however taking a consolidated view it will be credit positive for the company that will no longer have to service aleris 18 billion worth debt said an analyst tracking the company read alsosteel production to hit 1286 mt by 2021 surveysail invites global bids for three special steel unitsessar steel to supply 1 mt steel to posco steel india for rs 5000 croretata steel set to raise 500 million via foreign loans he also said that over the next three years aleris does not bring in a very high incremental ebitda to the consolidated ebitda earnings of hindalco and novelis for the year 2018 hindalco and novelis together posted an ebitda of rs 15025 crore or more than 2 billionaleris on the other hand posted an ebitda of only 276 million even an expected ebitda of 360 million by aleris as expected by the management after its investments start earning cash will not prove to be a big loss to hindalcos consolidated earnings if the deal falls through we have received the european commissions statement of objections which is a standard step in the european commissions phase ii antitrust review process and does not prejudge the final outcome of the process novelis said in a statement we remain committed to working constructively with the commission to conclude its investigation and to closing the transaction in a timely manner it said et bureau published on jul 6 2019 at 0614 pm ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of