Aluminum Corporation of China (Chinalco) acquires Peru Copper
Date Closed
August 1, 2007
Lead Office
Vancouver
Value
840.00 Million CAD
On June 11, 2007, Peru Copper Inc. entered into a definitive agreement pursuant to which Aluminum Corporation of China ("Chinalco"), the largest diversified metals and mining company in China, agreed, subject to the terms of the Support Agreement, to make an offer to acquire all the outstanding Peru Copper shares by way of a friendly take-over bid for C$6.60 per share in cash, valuing the Company at approximately C$840 million. The acquisition concluded August 1, 2007 and was financed through Chinalco's cash on hand.
McCarthy Tétrault LLP represented Chinalco, with a team led by Joyce Lee.