Aditya Birla Management Corporation Pvt. Ltd. is reportedly looking to buy Aleris Corporation from Oaktree Capital Group LLC (NYSE:OAK) and Apollo Global Management, LLC (NYSE:APO). Almost eight months after the Aditya Birla began negotiations to buy Aleris, a definitive agreement is in sight, two people aware of the development said, adding a deal is likely to be signed in the next few weeks.

According to the people cited above, who spoke on condition of anonymity, negotiations had slowed down primarily due to antitrust issues surrounding Aleris. The talks have revived after the managements of Aleris and the Aditya Birla, represented by Novelis Inc., reached an agreement over the extent of responsibility both sides will bear to pass the scrutiny of the Committee on Foreign Investment (CFI). “The structure of the deal is already laid out and funding to the tune of $2.6 billion has been tied up,” said the first person cited above.

“The Aditya Birla group has incorporated a separate entity under its US-based subsidiary, Novelis Inc., which will act as the bidding company.” The second person said that the bidding company will raise about $1.8 billion debt, while the rest will be raised by Novelis. When contacted, an Aditya Birla Group spokesperson declined to comment. An email query to Aleris remained unanswered.