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Top Stories

Merger And Acquisition

Constellium divests Chinese joint venture as part of Vision 2028 strategy
End User
Constellium has sold its ownership stake in its automotive structures joint venture in Changchun, China, along with its partner, to a Chinese automotive holding company. The Changchun facility manufactures aluminium crash management systems and other structural components for the Chinese automotive market. It employs around 200 people. The company said that the transaction is part of its Vision 2028 strategy to optimise its manufacturing footprint and improve competitiveness.  According to ...
Gulf aluminium producers accelerate overseas acquisitions amid geopolitical and supply chain risks
Primary AL
Aluminium producers in the Gulf are increasing overseas acquisitions and investments as they seek to strengthen supply chains, expand market access and reduce exposure to regional risks. The trend comes as geopolitical tensions in the Middle East and disruptions around the Strait of Hormuz highlight the vulnerability of regional supply chains. Gulf producers currently account for close to 10 per cent of global aluminium output. The expansion drive also coincides with expectations of rising g ...

Downstream
JKL Investment has fully exited its investment in Sama Aluminium, recovering around KRW 70 billion (USD 47.4 million) and more than doubling its initial investment. In January 2023, the firm invested about KRW 32.1 billion (USD 21.8 million) in the company. It did this through equity and convertible bonds under its ESG Future Mobility Value Chain fund. The deal included more than 700,000 shares and bonds worth KRW 10 billion (USD 6.77 million). It was meant to support growth in electric vehic ...
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