(Reuters) - Chalco has expanded at a frenetic pace as Beijing
consolidates a fragmented, energy-intensive industry, trying to
become a major aluminium player along the lines of Alcan
and Alcoa -- an 8 percent shareholder -- with prices for
its main product alumina coming under pressure.
Under the merger plan, which requires approval from
shareholders and regulators, each Baotou Aluminum share can be
swapped for 1.48 Chalco shares, it said in a statement.
Read more at Reuters.com Mergers News
consolidates a fragmented, energy-intensive industry, trying to
become a major aluminium player along the lines of Alcan
and Alcoa -- an 8 percent shareholder -- with prices for
its main product alumina coming under pressure.
Under the merger plan, which requires approval from
shareholders and regulators, each Baotou Aluminum share can be
swapped for 1.48 Chalco shares, it said in a statement.
Read more at Reuters.com Mergers News
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