Aluminum Corporation of China: proposed 12.7 billion acquisition of Baotou Aluminum and other four companies remaining stake

- Feb 11, 2018 -

Aluminum Corporation of China: proposed 12.7 billion acquisition of Baotou Aluminum and other four companies remaining stake


Aluminum Corporation of China disclosed the asset acquisition plan on the evening of the 31st and planned to issue shares to acquire from 8 counterparties such as Huarong Ruitong, China Life, China Merchants Invest, China Xinda, CPIC Life, Bank of China, ICBC Finance and ABC Finance Its aggregate holding 25.67% stake in Baotou Aluminum, 30.80% stake in Chinalco Shandong, Zhongzhou Aluminum 36.9% stake and Chinalco Mining 81.14% stake. The target transaction value of the subject matter of a total of 12.704 billion yuan. After the reorganization is completed, Chinalco will reach 100% controlling interest in the four subordinate companies.


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