Chinalco takes its Rio Tinto entitlement

By taking its full rights entitlement, the Chinese company shows that it remains committed to Rio Tinto, for now.

Aluminum Corporation of China Chinalco yesterday announced that it took up its full entitlement in the UK part of Rio Tinto's $15.2 billion rights issue. The results of the Australian part of the offering, which accounts for $3.4 billion of the total deal, are expected to come out today.   

Chinalco can confirm that it has taken up all its rights in Rio Tinto plc, Chinalco said in a written statement. This was an economically rational decision as...

To continue reading, please login or register for free

Click for more on: rights offering | chinalco | rio tinto

Print Edition

FinanceAsia Print Edition