Rio Tinto and Chalco to acquire Votorantim's stake in CBA for $902.6M

Rio Tinto and Aluminum Corporation of China Limited (Chalco) entered a definitive agreement to acquire Votorantim's 68.596% controlling shareholding in Companhia Brasileira de Alumínio (CBA) for approximately $902.6 million. The acquisition will be through a joint venture owned 33% by Rio Tinto and 67% by Chalco.

“This acquisition, together with Chalco, will leverage Rio Tinto and Chalco’s deep and complementary expertise across the aluminium value chain to unlock the next phase of growth at CBA.”markets.financialcontent.com

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• markets.financialcontent.comAbout Us | Oil & Gas Journal - Rio Tinto strengthens its global low-carbon aluminium footprint through joint acquisition with Chalco of Votorantim's interest in CBARio TintoJun 18, 2019

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