China's CITIC buys $467 mn stake in Australia's Alumina

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Reuters: Melbourne, Feb 14 2013, 10:44 IST
Alumina.jpg
played a pivotal role in extracting a solid premium when the Australian miner was taken over by U.S. firm Peabody Inc in 2011, booking a A$400 million profit on that investment.

Alumina was advised by Flagstaff Partners, and CITIC was advised by ANZ Corporate Advisory.

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