# Fuda Alloy to acquire Sanmenxia Aluminum for CNY 15.56 billion in restructuring

Fuda Alloy announced a major restructuring to acquire 100% of Sanmenxia Aluminum through asset swap and share issuance, valued at CNY 15.56 billion. The deal includes a CNY 3 billion fundraising for a 1.2 million ton alumina project.

- Type: Acquisition
- Announced: 2022-09-14
- Where: China
- Value: $2.18B (15.6B CNY)
- Status: announced
- Capacity: 1.2 million tons of alumina per year
- Products: alumina, aluminum hydroxide, caustic soda, gallium
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Sanmenxia Aluminum](https://endata.com/companies/57770.md) (target)
- [Fuda Alloy](https://endata.com/companies/58438.md) (acquirer)
- [Jinjiang Group](https://endata.com/companies/58439.md) (partner)

## Sources

- [stcn.com](https://www.stcn.com/yq/yqsl/202209/t20220914_4858290.html), 2022-09-14: "本次交易完成后，上市公司将持有三门峡铝业100%股权，上市公司的控股股东将变更为锦江集团"

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