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Private equity picks up Xstrata aluminium

SWISS-based mining giant Xstrata has offloaded its aluminium arm to a private equity group for $US1.15 billion ($A1.39 billion), with the proceeds likely to help fund the company's latest acquisition spree.

MiningNews.Net
Private equity picks up Xstrata aluminium

Xstrata revealed yesterday it had decided to sell the Noranda Aluminium assets - inherited through its nickel-driven 2006 takeover of Canada's Falconbridge Group - to international private equity and capital...

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