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RUSAL Acquires 30% Interest of Alumina Refinery in Hebei, Involving Over RMB1.9B
RUSAL (00486.HK) announced that it has purchased 30% of the entire equity interest of Hebei Wenfeng New Materials (HWNM) from Hebei Wenfeng Industrial Group, at a consideration of ...
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RUSAL Acquires 30% Interest of Alumina Refinery in Hebei, Involving Over RMB1.9B
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RUSAL (00486.HK)  -0.020 (-0.643%)   announced that it has purchased 30% of the entire equity interest of Hebei Wenfeng New Materials (HWNM) from Hebei Wenfeng Industrial Group, at a consideration of RMB1.911 billion.

As part of the transaction, RUSAL, Wenfeng Industrial Group, HWNM and the controlling person would enter into a shareholders' agreement, regulating the respective rights and obligations of the shareholders of HWNM and its conduct of the affairs, including but not limited to ownership, management and operations.

HWNM owns and operates an alumina refinery located in Caofeidian, Hebei and has a nameplate annual capacity of 4.8 million tonnes of metallurgical grade calcined alumina. Both the purchaser and the vendor will share the produced alumina pro rata to their respective equity interests.

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