M&A

Alcoa sheds Rio stake

HOT on the heels of Chinalco's $US19.5 billion ($A30 billion) Rio Tinto asset grab, Alcoa has announced it will relinquish its Rio stake held through a joint venture with the Chinese aluminium group.

Charlotte Dudley
Alcoa sheds Rio stake

United States-based Alcoa will net $US1.021 billion ($A1.5 billion) for its stake in Rio purchased in joint venture with Chinalco, through the Shining Prospect vehicle, just over a year ago. Alcoa said...

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