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Rio Tinto Could Reduce Chinalco's Stake and Focus on Core Units
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Rio Tinto Could Reduce Chinalco's Stake and Focus on Core Units
Mining giant Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO) is considering an asset-for-equity swap to cut Chinalco’s stake in the company, according to local media reports.The companies penned a deal in 2008, under which state-owned Chinalco would hold 15 percent interest in Rio Tinto. According to Reuters, Rio Tinto is now aiming to cut this to 11 percent to simplify its ownership structure and possibly pursue new partnerships.In late August, new Rio Ti…
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