Novelis in Talks to Buy Bp’s 60% Stake in Logan, Mint Says

Novelis Inc., the U.S.-based aluminum unit of India’s Hindalco Industries Ltd., is in discussions to buy the 60 percent stake BP Plc holds in the joint venture Logan Aluminum Inc., the Mint reported, without saying where it got the information.

Novelis may purchase shares of U.S.-based Logan for $600 million, the newspaper said. BP owns Logan shares through a wholly-owned unit ARCO Aluminum Inc., according to the report.