Rio Tinto Completes Last Leg Of Alcan Packaging Divestments
05 Luglio 2010 - 9:09AM
Dow Jones News
Rio Tinto Ltd. (RIO.AU) said Monday it has completed the
divestment of the last of its Alcan packaging businesses, bringing
the miner's total divestments since 2008 to more than US$10
billion.
The Alcan medical flexibles business has been sold to Amcor Ltd.
(AMC.AU) for US$66 million while the beauty packaging business has
been sold to Sun European Partners for an undisclosed sum.
Rio sold the bulk of the Alcan packaging assets to Amcor for
US$1.95 billion in a transaction completed earlier this year as
part of a program of divestments aimed at repairing its balance
sheet in the wake of its top-of-the-cycle takeover of Alcan for
US$38.1 billion in 2007.
- By Alex Wilson, Dow Jones Newswires: 613-9292-2094;
alex.wilson@dowjones.com
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