Montreal, Canada — Alcan Inc. (NYSE, TSX: AL) announced today that the spin-off of its rolled products businesses into an independent company named Novelis Inc. is anticipated to occur shortly.
Upon the definitive clearance by securities regulators of the final disclosure documents in relation to the spin-off, expected to be accomplished shortly, Alcan will establish and announce the effective date of the spin-off and the dates upon which the Novelis shares and the ex-distribution Alcan Shares will begin trading on the Toronto and New York Stock Exchanges.
Alcan is a multinational, market-driven company and a global leader in aluminum and packaging, as well as aluminum recycling. With world-class operations in primary aluminum, fabricated aluminum as well as flexible and specialty packaging, aerospace applications, bauxite mining and alumina processing, today’s Alcan is well positioned to meet and exceed its customers' needs for innovative solutions and service. Alcan employs 88,000 people and has operating facilities in 58 countries and regions.
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Media Contact:
Anik Michaud
Tel.: +1-514-848-8151
anik.michaud@alcan.com
Investor Contact:
Corey Copeland
Tel.: +1-514-848-8368
investor.relations@alcan.com
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