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Aluminum Corporation of China to Acquire 60% of SouthGobi Resources for $926m
Edited by : AL CIRCLE
1 min read
Aluminum Corporation of China Ltd., a subsidiary of Chinalco Aluminum Corporation of China (CHALCO), an aluminum exploration company, intends to make a proportional takeover bid to acquire all issued and outstanding shares of SouthGobi Resources Ltd., a coal production and Development Company from Ivanhoe Mines, a mining company.
Scope
- The report provides a brief of the planned majority acquisition bid to acquire all issued and outstanding shares of SouthGobi Resources Ltd., a coal producing company.
- It describes the deal in brie together with a brief explanation of CHALCO's diversification into coal, the latter's shareholding structure, expected benefits to CHALCO and Ivanhoe mines and other Mongolian coal deals. Reasons to buy
- Obtain an understanding of the planned majority acquisition plan, the term of the deal and the payoff, brief overview and other details of both the companies, the deal rationale and other Mongolian coal deals.
- The report provides a brief of the planned majority acquisition bid to acquire all issued and outstanding shares of SouthGobi Resources Ltd., a coal producing company.
- It describes the deal in brie together with a brief explanation of CHALCO's diversification into coal, the latter's shareholding structure, expected benefits to CHALCO and Ivanhoe mines and other Mongolian coal deals. Reasons to buy
- Obtain an understanding of the planned majority acquisition plan, the term of the deal and the payoff, brief overview and other details of both the companies, the deal rationale and other Mongolian coal deals.
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