# Aluminum Corporation of China to acquire Zhongzhou Aluminum and Zhongzhou Aluminum for CNY 9.621 billion

Aluminum Corporation of China Limited (Chalco) agreed to acquire 100% equity of Zhongzhou Aluminum Co., Ltd. and Zhongzhou Aluminum Co., Ltd. from its wholly-owned subsidiary Chalco New Materials Co., Ltd. for approximately CNY 9.621 billion on October 29, 2024.

- Type: Acquisition
- Announced: 2024-10-29
- Where: China
- Value: $1.35B (9.62B CNY)
- Status: announced
- Products: fine alumina
- 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)
- [Zhongzhou Aluminum](https://endata.com/companies/29335.md) (target)
- [Chalco New Materials Co., Ltd.](https://endata.com/companies/80742.md) (partner)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/1202684.html), 2024-10-29: "公司拟通过协议方式受让全资子公司中铝新材料有限公司持有的中铝山东有限公司、中铝中州铝业有限公司100%股权，交易对价约为人民币96.21亿元。"

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