Chinalco pitches $1bn IPO to spin-off Peru mine
Chinalco Mining Corp International started pre-marketing a $1bn Hong Kong IPO on Monday, after getting approval from the Hong Kong stock exchange last week. The deal will spin-off the Peruvian copper mine of the state-owned Aluminium Corp of China, but the company also wants to use the vehicle to acquire more overseas assets.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts