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Alcan announces intention to sell interest in the Utkal joint venture
Author: Alcan, Published on: 12 April 2007
Alcan announced today its intention to sell its 45% interest in India's Utkal Alumina International Limited (Utkal)...Alcan has already taken initial steps leading to the sale process and expects completion during the second quarter of 2007...President and CEO, Alcan Bauxite and Alumina [said]..."We...believe that we have acted in the best interests of all our stakeholders."...Hindalco, part of the Aditya Birla group, holds the remaining 55% interest in Utkal.