Rio Tinto and Aluminum Corporation of China Limited (Chalco) entered a definitive agreement to acquire Votorantim's 68.596% controlling shareholding in Companhia Brasileira de Alumínio (CBA) for approximately $902.6 million. The acquisition will be through a joint venture owned 33% by Rio Tinto and 67% by Chalco.
Rio Tinto and Aluminum Corporation of China Limited (Chalco) have entered into a definitive agreement to acquire Votorantim's 68.596% controlling shareholding in Companhia Brasileira de Alumínio (CBA) for approximately $902.6 million, through a joint venture owned 33% by Rio Tinto and 67% by Chalco.
Rio Tinto and Aluminum Corporation of China Limited (Chalco) have entered into a definitive agreement to acquire Votorantim's 68.596% controlling shareholding in Companhia Brasileira de Alumínio (CBA) through a joint venture owned 33% by Rio Tinto and 67% by Chalco, for approximately $902.6 million.
Aluminum Corporation of China Limited (Chalco) board approved on December 28, 2017, two acquisitions: Zhongal Shandong Co. to acquire 100% of Zhongal Qingdao Light Metal Co., and Shanxi New Materials Co. to acquire part of the assets of Zhongal Shanxi Aluminum Co.
Aluminum Corporation of China (Chalco) and its subsidiary Chalco Shandong have agreed to acquire a combined 66% stake in Xinghua Technology from Shanxi Aluminum and Shandong Aluminum for approximately 516 million yuan. The transaction is expected to close after conditions are met.