Author: Drishya Yadav

China: Chalco to acquire 19% stake in Yunnan Aluminium

Jul 25, 2022

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by

Drishya Yadav

in Non Ferrous

Aluminum Corporation of China Limited (Chalco) announced that it has plans to acquire 19% of the shares of Yunnan Aluminium. After the transaction is completed, Chalco will become the largest shareholder of Yunnan Aluminium with 29.1% and will include the shares into the scope of the company’s consolidated statements.