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Rio Tinto acquisition increases
2007-10-23 23:39:15.0
Rio Tinto acquisition increases approved Alcan Aluminum will remain CEO
Australian mining giant Rio Tinto Group on the 18th said its bid for Alcan's acquisition of 38.1 billion US dollars by the Canadian government's approval. Rio Tinto said, in order to ensure the proposal passed, Rio Tinto devoted to Rio Tinto Alcan is headquartered in Montreal, Canada, and to ensure that the most senior managers stationed artificial Canadians. Rio Tinto also committed in Quebec construction AP50 pilot plant, located in the province of British Columbia to Kitima smelter modernization upgrades, in addition, Rio Tinto will also be donated to certain groups in Canada. Rio Tinto recently announced the appointment of the incumbent CEO of Alcan Avenue extension of the Andean continue to serve as CEO of Alcan, Alcan will also appoint two Canadian companies join the non-executive directors of the Extension Board. In May this year, the aluminum company Alcan issued to the 27 billion US dollars takeover offer, after the Board of Trustees by Alcan refused. In July, the global mining giant Rio Tinto to 38.1 billion US dollars to buy Alcan, that is, the price of 101 US dollars per share to buy Alcan shares offer period ending October 23.
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