# Rio Tinto to acquire Sumitomo Chemical's 20.64% stake in NZAS

Rio Tinto agreed to acquire Sumitomo Chemical Company Limited's 20.64% interest in New Zealand Aluminium Smelters (NZAS) for an undisclosed price, making NZAS 100% owned by Rio Tinto.

- Type: Acquisition
- Announced: 2024-05-30
- Where: New Zealand
- Status: announced
- Products: aluminium
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Rio Tinto](https://endata.com/companies/4215.md) (acquirer)
- [Sumitomo Chemical](https://endata.com/companies/20503.md) (target)
- [New Zealand Aluminium Smelters](https://endata.com/companies/77744.md) (target)

## Sources

- [stocks.observer-reporter.com](https://stocks.observer-reporter.com/observerreporter/article/bizwire-2024-5-30-long-term-future-for-new-zealands-tiwai-point-aluminium-smelter-secured-with-new-power-deals), 2024-05-30: "Rio Tinto has entered into an agreement to acquire Sumitomo Chemical Company Limited’s (SCC’s) 20.64% interest in NZAS for an undisclosed price."

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