Date
18 October 2018

Chalco Iron Ore stake priced at US$2 bln, filing says

Aluminum Corp. of China Ltd. (Chalco) (02600.HK, 601600.CN) has priced its 65 percent equity interest in Chalco Iron Ore Holding Ltd. at US$2.07 billion as of the end of 2012. The stake is held through Chalco’s Hong Kong unit, Chalco Hong Kong Ltd., it said in a regulatory filing Tuesday. Chalco Hong Kong is planning to sell the 65 percent stake to another wholly owned subsidiary of Chalco, Aluminum Corp. of China Overseas Holdings Ltd. The deal is pending approval by shareholders and the Chinese government.

– Contact HKEJ at [email protected]

MY/AC/RA

 

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