Dec. 19 (Bloomberg) -- Aluminum Corp. of China Ltd., the nation's largest producer of the metal, won regulatory approval to buy rival Baotou Aluminum Co.

Chalco, as the Beijing-based company is known, was given approval to offer shares or cash for Baotou's stock from the China Securities Regulatory Commission, the company said in a statement to the Shanghai stock exchange today.

In August, Baotou Aluminium's shareholders agreed for the company to be taken over by Chalco.

To contact the reporter for this story: Helen Yuan in Shanghai at hyuan@bloomberg.net

Last Updated: December 18, 2007 20:22 EST