Rio Tinto Group and Aluminum Corporation of China Limited entered into a definitive agreement to acquire 68.596% stake in Companhia Brasileira de Alumínio from Votorantim S.A.
Rio Tinto Group (LSE:RIO) and Aluminum Corporation of China Limited (SEHK:2600) entered into a definitive agreement to acquire 68.596% stake in Companhia Brasileira de Alumínio (BOVESPA:CBAV3) from Votorantim S.A. on January 29, 2026. A cash consideration valued at BRL 10.5 per share will be paid. The Transaction is subject to regulatory approvals and customary closing conditions.
Rio Tinto plc is one of the world's leaders in mining research, prospecting and operating. Net sales break down by family of products as follows:
- iron ore (49.2%): 290.6 Mt produced in 2025;
- aluminum, alumina and bauxite (26.7%): 62.4 Mt bauxite, 7.6 Mt alumina and 3.4 Mt aluminum produced;
- copper (11.6%) : 883 Kt produced;
- industrial minerals (4.1%): titanium dioxide pigments (975 Kt produced), borates (502 Kt produced) and salts (4.8 Mt produced);
- gold (3.3%) : 464,000 ounces produced;
- lithium (1.6%): 57 Kt produced;
- diamonds (0.6%) : 4.4 million carats produced;
- other (2.9%): uranium, silver, zinc and molybdenum.
Net sales are distributed geographically as follows: the United Kingdom (0.2%), Europe (5.8%), China (57.3%), Japan (5.7%), Asia (6.9%), the United States (16.7%), Canada (3%), Australia (1.6%) and other (2.8%).
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Rio Tinto Group and Aluminum Corporation of China Limited entered into a definitive agreement to acquire 68.596% stake in Companhia Brasileira de Alumínio from Votorantim S.A.