Entering text into the input field will update the search result below

Rio Tinto sells Scottish aluminum assets for $410M

Nov. 23, 2016 7:45 AM ETRio Tinto Group (RIO) StockRIOBy: Carl Surran, SA News Editor
  • Rio Tinto (NYSE:RIO) agrees to sell its aluminum-related operations in Scotland to privately-owned SIMEC for $410M (£330M), part of its plan to trim some of its less profitable aluminum operations.
  • The sale includes Rio's Alcan Aluminium UK unit, which includes an operating aluminum smelter at Fort William, hydroelectric facilities at Kinlochleven and Lochaber, and associated land.
  • Rio Tinto has now agreed to more than $1.3B in divestments in the current year, bringing the total value of divestments announced or completed to $5.3B since January 2013.

Recommended For You

More Trending News

About RIO Stock

SymbolLast Price% Chg
Market Cap
PE
Yield (TTM)
Rev Growth (YoY)
Prev. Close
Compare to Peers

Related Stocks

SymbolLast Price% Chg
RIO--
Rio Tinto Group