Brazil regulator approves Rio Tinto, Chinalco deal for aluminum producer CBA
The general superintendency of Brazil's antitrust watchdog CADE has approved without restrictions a deal for China's Chinalco and Rio Tinto to acquire a controlling stake in aluminum maker CBA, the country's official gazette showed on Wednesday.
The two firms had announced in January an agreement to buy the CBA stake from conglomerate Grupo Votorantim for 4.69-billion reais ($909.18-million), along with a tender offer for the remaining CBA shares.