MBALUCO@EC2609A(18671.HK)

Company Encyclopedia

MBALUCO@EC2609A

18671.HK

Shareholder

Ownership	%Owned	Share Chg	Report Date
No Data

News

Correction: Rio Tinto, Aluminum Corporation of China Acquire Majority Stake in Companhia Brasileira de Aluminio for $902.6 Million in Cash

Rio Tinto and Aluminum Corporation of China are acquiring a 68.6% stake in Companhia Brasileira de Aluminio for $902.6 million. The joint venture will consist of 33% held by Rio Tinto and 67% by Chalco, with a share price of 10.50 Brazilian reals, a 21.2% premium over the last 20 days' average. Following the acquisition, a mandatory tender offer for remaining shares will be made. Rio Tinto's stake is valued at $297.8 million.

fidelity·Yesterday at 01:36

fidelity·Yesterday at 01:36

Deals of the day-Mergers and acquisitions

On January 30, various mergers and acquisitions were reported. Pinewood Technologies surged 28% after announcing a potential £575.5 million deal with Apax Partners. Bertelsmann's BMG Rights Management is considering a cash-and-stock offer for Concord valued at up to $7 billion. Chinalco and Rio Tinto agreed to acquire a controlling stake in Companhia Brasileira de Aluminio for $903.61 million. SpaceX is exploring a merger with Tesla or xAI. Nine Entertainment plans to buy QMS for A$850 million while divesting its radio arm. Apple acquired Israeli startup Q.ai for AI technology.

Reuters·Yesterday at 19:08

Reuters·Yesterday at 19:08

CHINALCO Appoints Zhu Dan as Company Secretary and CFO

Aluminum Corporation of China Ltd. (CHINALCO) has appointed Ms. Zhu Dan as the new company secretary and chief financial officer, effective January 29, 2026. She replaces Mr. Ge Xiaolei, who will resign from the position. Zhu Dan brings over 20 years of experience in financial management and capital operations within the company.

Reuters·01/30/2026 07:32

Reuters·01/30/2026 07:32

China's Chalco Teams Up With Rio Tinto to Secure Green Aluminum Assets in Brazil

China's Aluminum Corporation (Chalco) is partnering with Rio Tinto to acquire a 68.6% stake in Companhia Brasileira de Alumínio (CBA) for BRL4.7 billion (USD903 million). This acquisition aims to enhance Chalco's overseas operations and secure low-carbon aluminum assets. Despite the announcement, Chalco's stock fell by 10%. CBA, a major Brazilian aluminum producer, reported significant revenue and profit in 2022 and operates renewable energy facilities, contributing to its low carbon emissions. Chalco plans to launch a tender offer for remaining shares post-acquisition, further expanding its production capacity in Brazil.

Yicai·Yesterday at 18:23

Yicai·Yesterday at 18:23

Chinalco and Rio Tinto Form Joint Venture to Acquire Stake in Companhia Brasileira de Alumínio

Aluminum Corporation of China Limited (CHINALCO) has proposed a joint venture with Rio Tinto to establish a new entity in Brazil. Chalco Hong Kong, a subsidiary of CHINALCO, will hold a 67% stake, while Rio Tinto will hold 33%. This collaboration aims to acquire an equity interest in Companhia Brasileira de Alumínio S.A. and enhance their operations in the Brazilian aluminum sector.

Reuters·01/30/2026 07:27

Reuters·01/30/2026 07:27