Chalco to take over aluminum sister

Stock Markets

Wednesday, October 08, 2008 00:23:07

	Chalco to take over aluminum sister By STAFF EDITOR Published: July 05, 2007 06:03 PM China Aluminum Corp (Chalco), the world’s number three aluminum producer, plans to buy Baotou Aluminum Co for about US$2 billion (RMB15.3 billion) in stock to increase its international competitiveness, China Economy reported. Under the plan, which still needs shareholder and regulatory approval, Chalco will exchange 1.48 shares for each Baotou Aluminum share, valuing the offer at just ... You are currently reading 59 words of 181 total words in this article. To continue reading this article, you must be a subscriber. Log in now. Buy this article now for $10 USD. Not a subscriber? Start your 7-day free trial now. bookmark \| digg \| Permalink \| Tell a Friend Tags for this article: EA	More Articles in Stock Markets > Today’s Daily Briefs E-Mail Sign up for a roundup of the day’s top stories, sent every day. RELATED ARTICLES > Pension fund may win IPO allotments Banks to list brokerage arms Desire to invest in stocks, real estate hits 10-year low Zhejiang businessman draining capital from financial markets Gemdale’s RMB8.5b share offering blocked Citic Securities’ 1H profit down 5.65% to US$96m Mainland firms raise US$7b in 56 Q2 IPOs

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