# Mingtai Aluminum to acquire 2.5% stake in Sanmenxia Aluminum for CNY 400M

Mingtai Aluminum (601677.SH) plans to acquire a 2.5% stake in Sanmenxia Aluminum, a leading alumina producer, for CNY 400 million in cash from Hangzhou Jinjiang Group and Ningbo Kaiwen Investment.

- Type: Acquisition
- Announced: 2021-09-16
- Where: China
- Value: $62.0M (400.0M CNY)
- Status: announced
- Products: alumina, aluminum hydroxide, caustic soda, liquid chlorine, gallium metal
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Mingtai Aluminum](https://endata.com/companies/43802.md) (acquirer)
- [Sanmenxia Aluminum](https://endata.com/companies/57770.md) (target)
- [Hangzhou Jinjiang Group](https://endata.com/companies/57771.md) (partner)
- [Ningbo Kaiwen Investment](https://endata.com/companies/57772.md) (partner)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/561380.html), 2021-09-16: "明泰铝业(601677.SH)公告，公司拟以现金4亿元受让杭州锦江集团有限公司(“锦江集团”)、宁波凯闻投资有限公司(“宁波凯闻”)合计持有的开曼铝业(三门峡)有限公司(“三门峡铝业”或“目标公司”)2.5%的股权"

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