UK-based mining group Rio Tinto has taken over Alcan in a $38.1bn
(€26.5bn) deal that will result in Alcan's packaging arm being
separated from its aluminum mining business.
Alcan is to sell its European aluminum tubes business operationsto
its current management team and 21 Centrale Partners, an investment
fund specialised in high-potential mid-size industrial companies,
reports Simon Pitman.
Alcan is to purchase a packaging manufacturing site in the
ChineseSuzhou region, which will be equipped to fabricate beauty
and personal care products. The company says the move will better
serve it to and meet fast growing regional...