Rio executives take over Riversdale board

RIO Tinto plans to delist African coking coal producer Riversdale Mining after the cessation of its $A16.50 per share takeover offer, which has been further extended to the end of this Friday.

Rio executives take over Riversdale board Rio executives take over Riversdale board Rio executives take over Riversdale board Rio executives take over Riversdale board Rio executives take over Riversdale board

The mining giant owns 73% of Riversdale after recently acquiring Brazilian steelmaker CSN’s 19.35% stake, while India’s Tata Steel is still holding onto its 27.14% share.

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