Rio Tinto Considering Selling European Aluminum Smelter -Bloomberg
06 October 2017 - 8:36PM
Dow Jones News
By Maryam Cockar
Mining company Rio Tinto (RIO.LN) is considering selling its
European aluminum smelter--the biggest on the continent--Bloomberg
reported Friday, citing people familiar with the matter.
Rio is in talks with potential buyers of the smelter in northern
France which has annual production of 270,000 metric tons,
Bloomberg said.
The news agency said that the smelter has attracted interest
from financial investors such as private-equity firms.
In addition, Bloomberg reported that Rio is considering
disposing its aluminum smelter in Iceland and its aluminum
portfolio in Australia and New Zealand.
Rio couldn't immediately be reached for comment.
Write to Maryam Cockar at maryam.cockar@dowjones.com
(END) Dow Jones Newswires
October 06, 2017 05:21 ET (09:21 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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