# Chalco to acquire 19% stake in Yunnan Aluminium for 6.66 billion yuan

Aluminum Corporation of China Limited (Chalco) announced it will acquire a 19% stake in Yunnan Aluminium from Yunnan Metallurgical Group for 6.662 billion yuan in cash, becoming the largest shareholder with 29.10% ownership.

- Type: Acquisition
- Announced: 2022-07-24
- Where: China
- Value: $985.0M (6.66B CNY)
- Status: announced
- Products: aluminium, aluminium products
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Aluminum Corporation of China](https://endata.com/companies/20411.md) (acquirer)
- [Yunnan Aluminium](https://endata.com/companies/64330.md) (target)
- [Yunnan Metallurgical Group](https://endata.com/companies/64331.md) (partner)

## Sources

- [news.metal.com](https://news.metal.com/newscontent/101899703-chalco-acquires-19-stake-in-yunnan-aluminium-for-66-billion-yuan), 2022-07-25: "After the transaction is completed, Chalco would become the largest shareholder of Yunnan Aluminium, holding 29.10% of the shares."
- [21jingji.com](http://www.21jingji.com/article/20220725/herald/0f3992ceefdf5078b07450bd74003ff5.html), 2022-07-25: "本次交易完成后，公司将持有云铝股份约29.10%的股权，成为云铝股份的第一大股东，并将云铝股份纳入公司合并报表范围。"

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