The latest update is out from United Co RUSAL ( (HK:0486) ).
United Company RUSAL has announced its acquisition of up to 50% of Pioneer Aluminium Industries Limited, an Indian company operating a metallurgical grade alumina refinery in Andhra Pradesh. This strategic move, involving an initial 26% stake purchase for USD 243.75 million, aims to enhance RUSAL’s supply chain by securing bauxite and alumina resources, positioning the company for stronger industry competitiveness and stakeholder value.
More about United Co RUSAL
United Company RUSAL is an international public joint-stock company operating in the aluminum industry. It is involved in the production and sale of aluminum and related products, with a focus on expanding its market presence through strategic acquisitions.
Average Trading Volume: 916,999
Learn more about 0486 stock on TipRanks’ Stock Analysis page.