HK-listed Rusal buys 30% stake in Chinese alumina refinery operator Wenfeng

HK-listed Rusal buys 30% stake in Chinese alumina refinery operator Wenfeng

FILE PHOTO: The Chinese national flag is seen in Beijing, China April 29, 2020. REUTERS/Thomas Peter/File Photo

Hong Kong-listed aluminium major United Company Rusal is picking up a 30% stake in Chinese alumina refinery operator Hebei Wenfeng New Materials (HWNM) for a consideration of around 1.9 billion yuan ($266.9 million), according to an exchange filing. 

Edited by: Joymitra Rai