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Aluminium maker Aleris says Zhongwang USA deal is off

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Aluminium maker Aleris says Zhongwang USA deal is off

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WASHINGTON (Reuters) – Zhongwang USA, an investment firm backed by a Chinese aluminium tycoon, and U.S. aluminium maker Aleris Corp <ALSD.PK> have dropped plans to merge, Aleris and Zhongwang USA said on Monday. The companies had tried unsuccessfully to win approval for the $2.33 billion deal from the U.S. Committee on Foreign Investment in the United States (CFIUS), which assesses mergers to ensure they do not endanger national security.

(Reporting by Diane Bartz; Editing by Chizu Nomiyama)
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