Deal #3351

In 2015, Yunnan Aluminium Co. is planning to acquire 51% stake in Sino Lao Aluminum Corporation Limited (SLACO) for $ 28.05 million via new subsidiary, Yunnan Aluminum International Company., Ltd. (YALICO) After the deal completed, YALICO planned to develop bauxite resources across 147.86 square kilometers (14,786 ha) on the Bolaven plateau in southern Laos, and build 1 million-tpy alumina refinery as well as 3 million-tpy bauxite mine Source: News Metal Italian-Thai Development Public Company Limited has stake of 34% of this project. The company has investment in bauxite mining, and the construction of Alumina Production Plant Project. While, the Chinese-Thai investor Ruoychai International Investment Group/Reignwood International Group with a 33% share and Lao Services Incorporated (LSI)6 holding the remaining shares. According to company news releases, Thailand’s Bangkok Bank Company Ltd. appears to be among the major providers of financial backing Source: Annual report 2021 & Mekong Watch