Why Chinalco's Buying Into Rio Tinto

Why Chinalco's Buying Into Rio Tinto

Aluminum Corp. of China [Chinalco] (ACH) is a behemoth. Founded in 2001 in Beijing, it now has more than 200,000 employees, with 25 subsidiary companies. In 2007 it expanded its overseas investment into Australia, Peru, and Vietnam. And its Hong Kong-listed company has a market cap of $20.2 billion.

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Bibliographische Detailangaben
Veröffentlicht in:Bloomberg businessweek (Online) 2008-02, p.1
1. Verfasser: Dexter Roberts and Chi-Chu Tschang
Format: Magazinearticle
Sprache:eng
Schlagworte:
Aluminum
Equity stake
Iron compounds
Regulatory approval
Tender offers
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Zusammenfassung:Aluminum Corp. of China [Chinalco] (ACH) is a behemoth. Founded in 2001 in Beijing, it now has more than 200,000 employees, with 25 subsidiary companies. In 2007 it expanded its overseas investment into Australia, Peru, and Vietnam. And its Hong Kong-listed company has a market cap of $20.2 billion.
ISSN:2162-657X