Rusal to Buy 33% Stake in China North Industries Affiliate

Nov. 24 （Bloomberg） -- United Co. Rusal will acquire a 33 percent stake in Shenzhen North Investments Corp., an affiliate of China North Industries Corp., according to a statement to the Hong Kong stock exchange from the Russian company.

Rusal plans to form a aluminum alloy production venture with the Chinese company and will likely hold at least a 51 percent stake, the statement said.