US$2.025 bn offer for majority of Alcan Packaging
18 Agosto 2009 - 8:00AM
UK Regulatory
TIDMRIO TIDM81BK
RNS Number : 5955X
Rio Tinto PLC
18 August 2009
Rio Tinto receives US$2.025 billion binding offer for the majority of Alcan
Packaging businesses
18 August 2009
Rio Tinto has received a binding offer from Amcor to acquire the majority of the
Alcan Packaging businesses, comprising Alcan Packaging global pharmaceuticals,
global tobacco, food Europe and food Asia divisions, for a total consideration
of US$ 2.025 billion. Rio Tinto recently announced the sale of the Alcan
Packaging food Americas division to Bemis Company, Inc for US$1.2 billion. The
remaining Beauty packaging division will be divested separately.
A period of exclusivity with Amcor has been agreed, and Rio Tinto will respond
to this binding offer following consultation with the relevant European works
councils.
"We have already agreed to asset sales of US$6.6 billion over the last 18
months, despite the challenging financial markets," said Guy Elliott, chief
financial officer, Rio Tinto. "We believe Amcor's offer is in the interests of
all stakeholders. These businesses would be acquired by a leading player in the
global packaging sector that is very well placed to enable ongoing success of
the businesses. In addition, we believe that this offer would deliver good value
to Rio Tinto shareholders."
Alcan Packaging global pharmaceuticals, global tobacco, food Europe and food
Asia divisions have approximately 14,000 employees at 80 locations in 28
countries. In 2008, these businesses generated revenues of US$4.1 billion,
accounting for 62 per cent of Alcan Packaging's total revenues. For the first
six months of 2009, the businesses generated total revenues of US$1.8 billion.
Completion of the potential transaction would be subject to customary closing
conditions, including regulatory approvals in Europe and in the United States.
In addition, the binding offer purchase price and consideration received is
subject to certain adjustments, including an adjustment based on the financial
performance of the Alcan Packaging businesses and the value at closing of
certain transferred liabilities.
During 2008, Rio Tinto announced divestments comprising the Greens Creek mine in
Alaska for US$750 million, its interest in the Cortez operation in Nevada for
US$1.695 billion and the Kintyre uranium project in Western Australia for US$495
million. Announced transactions in 2009 comprise the Group's interest in the
Ningxia aluminium smelter in China for US$125 million, its potash assets and
Brazilian iron ore operations for US$1.6 billion, its Jacobs Ranch coal mine in
the United States for US$761 million and Alcan Packaging Food Americas to Bemis
Inc for US$1.2 billion. The divestment programme continues for other assets
identified for sale, including Alcan Engineered Products.
About Alcan Packaging
Alcan Packaging is a global leader in value-added specialty packaging for the
food, pharmaceutical, beauty and tobacco industries. Headquartered in Paris,
France, it delivers multi-material innovative solutions to customers around the
world using plastics, engineered film, aluminium, paper, paperboard and glass.
About Rio Tinto
Rio Tinto is a leading international mining group headquartered in the UK,
combining Rio Tinto plc, a London and NYSE listed company, and Rio Tinto
Limited, which is listed on the Australian Securities Exchange.
Rio Tinto's business is finding, mining, and processing mineral resources. Major
products are aluminium, copper, diamonds, energy (coal and uranium), gold,
industrial minerals (borax, titanium dioxide, salt, talc) and iron ore.
Activities span the world but are strongly represented in Australia and North
America with significant businesses in South America, Asia, Europe and southern
Africa.
About Amcor
Amcor is a global packaging manufacturer offering a broad range of plastic,
fibre, metal and glass packaging products and associated packaging related
services. It operates through five substantial operating divisions across
Australasia, North America, Latin America, Europe and Asia. Amcor's headquarters
are in Melbourne, Australia. The company operates in 34 countries with 226 sites
across those countries and employs approximately 21,000 people worldwide. For
the year ended 30 June 2009, Amcor generated A$9.53 billion in revenue.
For further information, please contact:
+--------------------------------------+-----------------------------+
| Media Relations, London | Media Relations, Australia |
| Nick Cobban | Amanda Buckley |
| Office: +44 (0) 20 7781 1138 | Office: +61 (0) 3 9283 3627 |
| Mobile: +44 (0) 7920 041 003 | Mobile: +61 (0) 419 801 349 |
| Christina Mills | Tony Shaffer |
| Office: +44 (0) 20 7781 1154 | Office: +61 (0) 3 9283 3612 |
| Mobile: +44 (0) 7825 275 605 | Mobile: +1 202 256 3667 |
| | |
+--------------------------------------+-----------------------------+
| Media Relations, Americas | Media Relations, Canada |
| Tony Shaffer | Stefano Bertolli |
| Office: +61 (0) 3 9283 3612 | Office:: +1 (0) 514 848 |
| Mobile: +1 202 256 3667 | 8151 |
| | Mobile: +1 (0) 514 945 1800 |
+--------------------------------------+-----------------------------+
| Media Relations, France | |
| Chrystele Ivins | |
| Office: + 33 1 57 00 24 18 | |
| Mobile: + 33 6 76 92 66 99 | |
| | |
+--------------------------------------+-----------------------------+
| Investor Relations, London | Investor Relations, |
| Nigel Jones | Australia |
| Office: +44 (0) 20 7781 2049 | Dave Skinner |
| Mobile: +44 (0) 7917 227 365 | Office: +61 (0) 3 9283 3628 |
| David Ovington | Mobile: +61 (0) 408 335 309 |
| Office: +44 (0) 20 7781 2051 | Simon Ellinor |
| Mobile: +44 (0) 7920 010 978 | Office: +61 (0) 7 3361 4365 |
| Investor Relations, North America | Mobile: +61 (0) 439 102 811 |
| Jason Combes | |
| Office: +1 (0) 801 204 2919 | |
| Mobile: +1 (0) 801 558 2645 | |
| | |
+--------------------------------------+-----------------------------+
Email: questions@riotinto.com
Website: www.riotinto.com
High resolution photographs available at:
http://www.riotinto.com/media/photolibrary.asp
This information is provided by RNS
The company news service from the London Stock Exchange
END
STRGUUUPRUPBUAR
Grafico Azioni Natwest Mk. 23� (LSE:81BK)
Storico
Da Nov 2024 a Dic 2024
Grafico Azioni Natwest Mk. 23� (LSE:81BK)
Storico
Da Dic 2023 a Dic 2024
