Chinalco eyes RUSAL’s Australian plant stake – sources
October 13, 2009 by goldguru · Leave a Comment
Chinese metals conglomerate Chinalco wants to buy UC RUSAL’s stake in an alumina refinery in Australia, but is less interested in buying into the indebted Russian company’s Hong Kong share issue, two sources familiar with the situation said on Tuesday.
However, state-owned Chinalco, may be obliged to subscribe to the share issue and take a stake in RUSAL because of political pressure, the sources said.
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