# Chalco subsidiary to acquire Qingdao Light Metals for CNY 300M

China Aluminum Co. (Chalco) announced that its subsidiary Zhonglu Shandong plans to acquire 100% of Qingdao Light Metals from parent company Chinalco for CNY 300 million. Qingdao Light Metals produces aluminum and magnesium products.

- Type: Acquisition
- Announced: 2017-12-28
- Where: Qingdao, China, China
- Value: $46.0M (300.0M CNY)
- Status: announced
- Products: aluminum products, magnesium products
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [China Aluminum Co.](https://endata.com/companies/29045.md) (acquirer)
- [Qingdao Light Metals](https://endata.com/companies/29046.md) (target)
- [Chinalco](https://endata.com/companies/29047.md) (partner)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/98570.html), 2017-12-28: "2017年12月28日,该公司附属中铝山东拟向控股股东中铝集团收购青岛轻金属100%股权，代价3亿元。"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.