Rio Tinto PLC Rio Tinto receives a binding offer for Dunkerque
January 10 2018 - 8:35AM
Dow Jones News
TIDMRIO
RNS Number : 5078B
Rio Tinto PLC
10 January 2018
Rio Tinto receives a binding offer for Aluminium Dunkerque
10 January 2018
Rio Tinto has received a binding offer from Liberty House to
acquire Rio Tinto's Aluminium Dunkerque smelter in northern France
for $500 million, subject to final adjustments. In accordance with
French law, Rio Tinto will launch a consultation process with
employees, relevant European works councils and other stakeholders
in relation to the bid. Subject to satisfactory completion of these
consultations, Rio Tinto expects to complete the sale of Aluminium
Dunkerque in the second quarter of 2018.
The proposal received from Liberty House, which acquired Rio
Tinto's Lochaber Smelter and assets in Scotland in December 2016,
includes plans for the modernisation of the site.
Rio Tinto Aluminium chief executive Alf Barrios said "The
binding offer for the sale of Aluminium Dunkerque represents the
best option for the future development of the site while also
delivering value for Rio Tinto as we continue to streamline our
portfolio.
"Liberty House has a track record of investing in similar
assets, which should secure a long-term sustainable future for
Aluminium Dunkerque and continued economic benefit for the wider
community".
Contacts
media.enquiries@riotinto.com
riotinto.com
Follow @RioTinto on Twitter
Media Relations, United Media Relations, Australia
Kingdom Jonathan Rose
Illtud Harri T +61 3 9283 3088
T +44 20 7781 1152 M +61 447 028 913
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David Outhwaite
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David Luff
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Investor Relations, Australia
Investor Relations, United Natalie Worley
Kingdom T +61 3 9283 3063
John Smelt M +61 409 210 462
T +44 20 7781 1654
M +44 7879 642 675 Rachel Storrs
T +61 3 9283 3628
David Ovington M +61 417 401 018
T +44 20 7781 2051
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Nick Parkinson
T +44 20 7781 1552
M +44 7810 657 556
Rio Tinto plc Rio Tinto Limited
6 St James's Square Level 7, 360 Collins Street
London SW1Y 4AD Melbourne 3000
United Kingdom Australia
T +44 20 7781 2000 T +61 3 9283 3333
Registered in England Registered in Australia
No. 719885 ABN 96 004 458 404
This information is provided by RNS
The company news service from the London Stock Exchange
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January 10, 2018 08:20 ET (13:20 GMT)
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