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Rio Tinto agrees to sell C&A to Yancoal
After receiving a competitive bid from Glencore and a counter offer from Yancoal, Rio Tinto has ultimately decided to sell its wholly-owned subsidiary Coal and Allied Industries Ltd. toYancoal. Rio Tinto said it felt Yancoal Australia Ltd.'s offer of $2.69 million had a higher level of completion certainty. The sale is still contingent on a vote by the company's shareholders.
Rio Tinto agrees to sell C&A to Yancoal
After receiving a competitive bid from Glencore and a counter offer from Yancoal, Rio Tinto has ultimately decided to sell its wholly-owned subsidiary Coal and Allied Industries Ltd. toYancoal. Rio Tinto said it felt Yancoal Australia Ltd.'s offer of $2.69 million had a higher level of completion certainty. The sale is still contingent on a vote by the company's shareholders.
Rio Tinto agrees to sell C&A to Yancoal
2017
Article (Journal)
English
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