Alcoa sells stake in Chinese firm

Article Abstract:

US aluminum company Alcoa Inc. has sold its stake in Aluminum Corporation of China Ltd. for $2.23 per share, which represents a 15% discount to its closing price. Alcoa did not disclose the buyer(s) for the nearly 7% stake, but did state that the company plans to continue investing in aluminum assets in China.

Acquisitions & mergers, Financial management, Metal ores, not elsewhere classified, United States, Mergers, acquisitions and divestments, Company acquisition/merger, Company investment, Investments, AA, Company securities, Alcoa Inc.

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Demand for Chalco IPO is strong

Article Abstract:

The initial public offering (IPO) of Aluminum Corp. of China (Chalco) is seeing stronger than expected demand. Demand was propelled by American, European, and Asian institutional investors.

China, Organizational history, Going public (Securities), Initial public offerings

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Alcan increases size of offer for initial 5-year Eurobond

Article Abstract:

Alcan Inc. priced a five-year inaugural Eurobond valued at 600 million euros. The single-A2/single -A issue was increased from 500 million euros.

Canada, Alcan Europe Ltd.

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