Brazil's CBA sale gathers pace as Chinalco joins bidding, sources say
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The sale of Brazilian aluminium producer Companhia Brasileira de Aluminio (CBA) is progressing, with China's Aluminum Corporation of China and another bidder actively involved. Discussions with Emirates Global Aluminium have slowed, but the process remains competitive. An announcement regarding the sale could occur soon, although negotiations may still fail. CBA, controlled by Grupo Votorantim, produces low-carbon aluminium and has a market capitalization of $1.15 billion, with shares rising nearly 84% over the past year.
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