PRESS: Rio Tinto Considering Australian Float For Pacific Aluminium (ALLIPO)

19th Mar 2018 10:46

LONDON (Alliance News) - FTSE 100-listed miner Rio Tinto PLC has commissioned UBS to explore a potential listing of its Pacific Aluminium smelting business on the Australian Stock Exchange, Reuters reported late Friday.

The possible listing comes after several failed attempts at selling the business over the past few years, Reuters said, with the company having recently added two alumina refineries to make the division more appealing.

Pacific Aluminium originally included its Bell Bay, Boyne Island, and Tomago smelters in Australia and the Tiwai Point smelter in New Zealand, which Reuters said it inherited as part of is USD38.0 billion acquisition of Canadian firm Alcan Inc in 2007.

https://www.reuters.com/article/us-rio-tinto-pacific-aluminium/rio-tinto-hires-ubs-to-explore-pacific-aluminium-listing-sources-idUSKCN1GS281

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