Alcan continues to work towards the realization of the previously announced spin-off of its rolled products business with the same year-end completion target.
"This is a first-rate business," said Travis Engen, President and Chief Executive Officer. "Not surprisingly we have received unsolicited inquiries from a number of interested parties. Although some of these expressions of interest are being studied, Alcan remains committed to the spin-off as an outstanding value creation proposition for its shareholders," he said.
Filing of the preliminary regulatory disclosure documents describing the spin-off business is expected before the end of the month.
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