Rio Tinto Receives $500 Million Offer for Smelter in France
January 10 2018 - 8:51AM
Dow Jones News
By Carlo Martuscelli
Rio Tinto PLC (RIO.LN) said Wednesday that it has received a
binding offer from investment company Liberty House to acquire its
aluminum smelter in France for $500 million.
The Anglo-American multinational said it will launch a
consultation process with its employees and other stakeholders in
response to the binding offer. It expects the sale to complete in
the second quarter of the year, it said.
The company said the offer includes plans for modernization of
the site.
Liberty House acquired another of Rio Tinto's smelters in
Scotland in December 2016.
Write to Carlo Martuscelli at carlo.martuscelli@dowjones.com
(END) Dow Jones Newswires
January 10, 2018 08:36 ET (13:36 GMT)
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