Companhia Brasileira de Alumínio (BOVESPA:CBAV3) agreed to acquire a 80% stake in Alux do Brasil Indústria e Comércio Ltda. for BRL 110 million on November 4, 2021. The other 20% can be purchased within three years. The deal still needs the approval of antitrust regulator CADE. Antitrust body Cade approved the operation.

Companhia Brasileira de Alumínio (BOVESPA:CBAV3) completed the acquisition of 80% stake in Alux do Brasil Indústria e Comércio Ltda. on January 31, 2022.