(Reuters) - SHANGHAI, July 3 - Aluminum Corp. of China Ltd.
will take over sister firm Baotou Aluminum
in a deal worth more than $1.6 billion, joining many
big Chinese industrial groups that are restructuring to become
top global players.
Chalco , the world's fourth-biggest aluminium
producer, has expanded at a frenetic pace as Beijing consolidates
the fragmented, energy-intensive aluminium industry, aiming to be
a major aluminium producer along the lines of Alcoa --
which owns 8 percent of Chalco -- and Alcan .
Read more at Reuters.com Mergers News
will take over sister firm Baotou Aluminum
in a deal worth more than $1.6 billion, joining many
big Chinese industrial groups that are restructuring to become
top global players.
Chalco , the world's fourth-biggest aluminium
producer, has expanded at a frenetic pace as Beijing consolidates
the fragmented, energy-intensive aluminium industry, aiming to be
a major aluminium producer along the lines of Alcoa --
which owns 8 percent of Chalco -- and Alcan .
Read more at Reuters.com Mergers News
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