Companhia Brasileira de Alumfnio (BOVESPA:CBAV3) agreed to acquire remaining 20% of Alux do Brasil Ind·stria e ComTrcio Ltda for BRL 98 million on November 30, 2022. The value will be paid in two equal instalments, with the first at the conclusion of the operation and the second on 31 January 2023. CBA acquired an 80% share in the company for BRL 110 million on January 31, 2022. For the year ended, December 31, 2021, Alux do Brasil Ind·stria e ComTrcio Ltda net revenue of BRL 269 million and Ebitda of BRL 58 million.
Companhia Brasileira de Alumfnio (BOVESPA:CBAV3) completed the acquisition of remaining 20% of Alux do Brasil Ind·stria e ComTrcio Ltda for BRL 98 million on November 30, 2022.