Brazil regulator approves Rio Tinto, Chinalco deal for aluminum producer CBA

SAO PAULO, ​March ⁠11 (Reuters) - The ​general superintendency of Brazil's antitrust ​watchdog ‌CADE has ⁠approved without restrictions a ⁠deal for ​China's Chinalco and Rio Tinto to acquire ​a ‌controlling stake in aluminum maker CBA, the country's ​official gazette ‌showed on Wednesday.

The two firms had announced ‌in January an agreement to buy the ​CBA stake from conglomerate ‌Grupo Votorantim for 4.69 billion reais ($909.18 million), ⁠along ⁠with a ‌tender offer for the remaining ​CBA ​shares. ($1 = ‌5.1585 reais) (Reporting by Isabel Teles; Editing by Gabriel Araujo)

Rio Tinto