Particle.news
Download on the App Store
3 ARTICLES
·
6d ago

Chinalco and Rio Tinto Poised to Take Control of Brazil’s CBA

A source says Votorantim agreed to sell its 69% holding for an undisclosed sum.

The logo of Aluminum Corporation of China, or Chinalco, is seen at its booth at the China International Fair for Trade in Services (CIFTIS) in Beijing, China September 2, 2023. REUTERS/Florence Lo
A logo of Rio Tinto at the company?s booth at the 8th China International Import Expo (CIIE) in Shanghai, China, November 6, 2025.REUTERS/Maxim Shemetov/File Photo
Image

Overview

  • Chinalco and Rio Tinto are close to announcing the purchase of control of aluminium producer CBA, a source told Reuters on Thursday.
  • The division of ownership between the two buyers has not been determined publicly and the deal value has not been disclosed.
  • Votorantim and CBA declined to comment, and Chinalco and Rio Tinto did not immediately respond to requests for comment.
  • Valor Economico reported the prospective transaction earlier in the day, according to Reuters.
  • CBA is an integrated, low‑carbon aluminium producer, and its shares have more than doubled in 12 months, lifting its market value to about $1.27 billion, while earlier interest from Emirates Global Aluminium did not progress.