23rd Dec 2009 07:01
Rio Tinto announces acceptance of offer from Amcor for the majority of Alcan Packaging businesses
23 December 2009
Rio Tinto announced today that it has accepted the offer by Amcor for the sale of the Alcan Packaging global pharmaceuticals, global tobacco, food Europe and food Asia divisions, following completion of the required Works Councils consultations.
Rio Tinto announced on 18 August 2009 the receipt of a binding offer from Amcor for these businesses for a total consideration of US$2.025 billion.
The transaction has recently been cleared by the European Commission. Clearance is awaited from the Department of Justice in the US.
Since February 2008, Rio Tinto has announced asset sales of US$10.3 billion, including the Amcor transaction. During 2008, Rio Tinto completed divestments totalling US$3.1 billion. During 2009, Rio Tinto has agreed asset sales of US$7.2 billion and completed US$3.6 billion of these. Completed transactions include Ningxia (aluminium), Potasio Rio Colorado (potash), Corumbá (iron ore), Jacobs Ranch (coal), Alcan Composites and the Cloud Peak IPO.
Agreed sales yet to complete include Alcan Packaging global pharmaceuticals, global tobacco, food Europe and food Asia, Alcan Packaging Food Americas and Maules Creek (Coal & Allied).
About Rio Tinto
Rio Tinto is a leading international mining group headquartered in the UK, combining Rio Tinto plc, a London and NYSE listed company, and Rio Tinto Limited, which is listed on the Australian Securities Exchange.
Rio Tinto's business is finding, mining, and processing mineral resources. Major products are aluminium, copper, diamonds, energy (coal and uranium), gold, industrial minerals (borax, titanium dioxide, salt, talc) and iron ore. Activities span the world but are strongly represented in Australia and North America with significant businesses in South America, Asia, Europe and southern Africa.
For further information, please contact:
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Media Relations, London Nick Cobban Office: +44 (0) 20 7781 1138 Mobile: +44 (0) 7920 041 003 Christina Mills Office: +44 (0) 20 7781 1154 Mobile: +44 (0) 7825 275 605 |
Media Relations, Australia David Luff Office: +61 (0) 3 9283 3620Mobile: +61 (0) 0419 850 205 Tony Shaffer Office: +61 (0) 3 9283 3612Mobile: +1 202 256 3667 |
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Media Relations, Americas Tony Shaffer Office: +61 (0) 3 9283 3612Mobile: +1 202 256 3667 |
Media Relations, Canada Stefano Bertolli Office: +1 (0) 514 848 8151 Mobile: +1 (0) 514 945 1800 |
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Investor Relations, London Mark Shannon Office: +44 (0) 20 7781 1178 Mobile: +44 (0) 7917 576597 David Ovington Office: +44 (0) 20 7781 2051 Mobile: +44 (0) 7920 010 978 Investor Relations, North America Jason Combes Office: +1 (0) 801 204 2919 Mobile: +1 (0) 801 558 2645 |
Investor Relations, Australia Simon Ellinor Office: +61 (0) 7 3361 4365 Mobile: +61 (0) 439 102 811 Dave Skinner Office: +61 (0) 3 9283 3628 |
Email: questions@riotinto.com
Website: www.riotinto.com
High resolution photographs and media pack available at: http://www.riotinto.com/media/press_kit.asp
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