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    Rio Tinto and Chalco Invest in Brazil’s Aluminum Industry Through the Acquisition of CBA

    Rio Tinto and Aluminum Corporation of China Limited (Chalco) entered into a definitive agreement to jointly acquire Votorantim’s 68.596% controlling share of Companhia Brasileira de Alumínio (CBA). Under the agreement, Rio Tinto will own 33% of shares and Chalco will own 67%. “This acquisition, jointly with Chalco, of Votorantim’s controlling position in CBA’s fully integrated […]