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Alcoa)(NYSE:AA), through its subsidiary ZAO "Prime-Alum", has begun an offer to purchase all remaining outstanding shares of OJSC "Belaya Kalitva Metallurgical Plant" (BKMPO) that were not acquired by Alcoa from Rusal in January 2005. PITTSBURGH -- Alcoa (NYSE:AA) today announced that it has begun an offer to purchase the remaining 18 percent of the Belaya Kalitva (BKMPO) fabricated aluminum plant in Russia still held by shareholders following its acquisition from Rusal in January 2005. In line with its aggressive strategy to become the world's premier aluminum company, Rusal (Moscow, Russia) has signed a memorandum of understanding (MoU) with the state's RAO Unified Energy Systems (Moscow) to form a joint company to complete the 3,000 MW Boguchanskaya hydropower facility and construct a new aluminum smelter, which will become the power station's anchor client. |
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