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Rio Tinto Alcan is a Canada-based mining company. Headquartered in Montreal, Quebec, it is a subsidiary of global mining conglomerate Rio Tinto. It was created on 15 November 2007 as the result of the merger between Rio Tinto's Canadian subsidiary and Canadian company Alcan.
Jul 12, 2007 · Montreal-based Alcan Inc. and Australian mining titan Rio Tinto say they have reached a friendly takeover deal in a move that thwarted a hostile bid by Alcan's U.S. rival, Alcoa.
Rio Tinto Aluminium (previously known as Comalco) is now known as Rio Tinto Alcan after Rio's takeover of Alcan. It was the world's eighth largest aluminium company. It mines and manufactures bauxite, alumina and primary aluminium.
In 2007, Rio Tinto acquired Alcan in a US$38 billion deal. [11] The offer served to undermine a hostile bid of $27.5bn from Alcoa , Alcan's US rival. [ 12 ] Rio Tinto thus became the world's leading aluminum producer.
Aug 9, 2007 · MONTREAL/LONDON, July 12 (Reuters) - Anglo-Australian miner Rio Tinto Ltd/Plc offered $38.1 billion to buy Canada's Alcan Inc in an agreed deal to create the world's No. 1 aluminium producer ...
Rio Tinto and Alcan on July 12 announced they have reached an agreement for Rio Tinto to make an offer to acquire all of Alcan's outstanding common shares for US$101 per common share in a recommended, all cash transaction.
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Jul 12, 2007 · Rio Tinto, the UK-listed mining group, on Thursday said it was planning to make billions of dollars worth of disposals to help pay for Alcan, the Canadian aluminium group, which it agreed to buy in...
