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Rio Tinto agrees deal to sell Alcan Aluminium UK

Published 23/11/2016, 10:22 pm
© Reuters. Rio Tinto agrees deal to sell Alcan Aluminium UK
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LONDON, Nov 23 (Reuters) - Rio Tinto RIO.AX RIO.L said on Wednesday it had agreed to sell its 100 percent shareholding in Alcan Aluminium UK at Lochaber, Scotland, to SIMEC for $410 million as it sought to focus on keeping only its best assets.

"This is a value-creating sale for Rio Tinto and represents another example of refining our portfolio to focus on our suite of tier one assets," Rio Tinto Aluminium Chief Executive Alf Barrios said.

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