Rochester,NY 8/15/2009 12:41:19 AM
Alcoa Inc., AA - Alcoa is Acquired by Yunnan Metallurgical
Alcoa Inc.
Yunnan Metallurgical Group Co., Ltd. has signed an agreement with Alcoa Inc. to buy a 100% stake in the latter's subsidiary, Alcoa (Shanghai) Aluminum Products Co., Ltd.
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The Yunnan Metallurgical Group Chairman Dong Ying said that the management and employees of Alcoa Shanghai would be remained in principle, after the acquisition.
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