Sources Say Rio Tinto May List Canadian Iron Ore Unit -Reuters
25 December 2018 - 7:04AM
Dow Jones News
--Rio Tinto PLC (RIO) unit Iron Ore Co. of Canada may be taken
public by the mining conglomerate, Reuters reports Monday, citing
"people familiar with the situation."
--Royal Bank of Canada (RY), Credit Suisse Group AG (CS) and
JPMorgan Chase & Co. (JPM) are working with the company on an
initial public offering, the report said.
--The company could be taken public in the first half of next
year, and would hold a dual listing in New York and Toronto,
according to the report.
Full story:
https://www.reuters.com/article/us-rio-tinto-ironore-ipo/rio-tinto-plans-to-list-canadian-iron-ore-unit-in-early-2019-sources-idUSKCN1ON0XW
--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
December 24, 2018 14:49 ET (19:49 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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