CITIC Resources Sells 1.45% Stake in Alcoa

Reuters01-16
CITIC Resources Sells 1.45% Stake in Alcoa

CITIC Resources Holdings Limited has completed the disposal of its equity interest in Alcoa. Through its wholly-owned subsidiary CRA, the group sold an aggregate of 3,816,582 Alcoa shares, which were transmuted from Alcoa CDIs previously held. The shares sold represent approximately 1.45% of Alcoa’s total issued share capital. The transaction was approved by major shareholders CITIC Australia Pty Limited and Keentech Group Limited, which together hold around 59.12% of CITIC Resources’ total issued shares. Trading in the company’s shares has resumed following the completion of the sale.

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